EEF comment on PMI data

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EEF responds to latest PMI data

Commenting on today’s PMI data, Ms Lee Hopley, Chief Economist at EEF, the manufacturers’ organisation, said:

“Today’s figures confirm the resilience of manufacturing in the face of uncertain global economic conditions. The domestic market remains a key driver of growth, but bucking recent trends, there was also a modest increase in demand from overseas. However, we will need to see this sustained in the coming months before we can call it a turnaround in the sector’s export performance.  

“We expect manufacturing growth to continue in 2015, though at a slower rate than in 2014, as risks to growth remain finely balanced with renewed concerns about not only the Eurozone but also the pace of activity growth in China and the US.”

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