EEF comment on PMI data

Subscribe to About EEF media release feeds

Published

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

“The data confirms subdued activity across the sector at the start of the year, coming on the heels of a flat 2015. The main factors keeping a lid on growth don’t come as a  particular surprise, with the effects of the low oil price and weak global demand part of the manufacturing narrative for over a year.

“Amidst the somewhat disappointing start to the year and the significant challenges facing the steel sector, which have once again come to the fore in recent days, there are still pockets of growth, notably in the intermediate production sectors. Industries such as chemicals, rubber and plastics and electronics are also buoyed by low input costs and domestic support from an increase in construction activity.

“However, there isn’t anything in this, or other surveys of late to suggest that manufacturing will make much of a dent in the imbalanced growth across the UK economy in the coming quarters.”

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.