EEF comment on IoP data

Subscribe to About EEF media release feeds

Published

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

“Today’s data confirms the ongoing weakness across manufacturing with broad-based falls across more or less all the sub-sectors leading to a hefty month on month decline. This points to a fairly dismal first quarter for industry that will again pose a drag on GDP growth.

“While we might attribute some of the weakness to volatility in the data the direction of travel does reflect the more subdued sentiment we’re picking up from across industry. Taken together with the disappointing trade numbers and, the dip in productivity at the end of last year, it appears that a return to a more balanced recovery across the economy is dissipating.”  

Author

Media Team 020 7654 1576

Other articles from this author >
contact us about EEF Contact Us

Find our locations, get in touch or connect with us on our social networks

Read more >
media icon spotlight Keep up-to-date with our latest media releases

Browse our latest media releases on what matters most to manufacturers, read the facts and our comments on all major industry developments

Read more >
Online payments are not supported by your browser. Please choose an alternative browser or make payments through the 'Other payment options' on step 3.