EEF comments on IoP data

Subscribe to About EEF media release feeds

Published

Commenting on today’s Index of Production data, Ms Lee Hopley, Chief Economist at EEF, the manufacturers’ organisation, said: “Manufacturing suffered a fairly hefty contraction in October, with output falling by 0.9%. This is not the start to the fourth quarter that we expected to see in the official statistics, given the rather more buoyant survey indicators over the past few months. Output falls appear fairly widespread across subsectors, but falls in pharmaceuticals, textiles and food were responsible for much of the drop over the month.

“While this is a disappointing set of figures, more upbeat commentary coming from across the sector – driven by resilience in the domestic market and a brightening outlook overseas – points to this trend reversing in the final months of the year.”

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.