EEF comment on IoP data

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

“Today’s figures indicate that we’re in for a strong first quarter to 2017 for the manufacturing sector. Much like the January data, there was some weakness in the monthly figures but that was exclusively down to the erratic pharmaceuticals sector, with most other sectors posting strong growth.

“The recent streak of positive figures confirm that the sector is in somewhat of a sweet spot at the moment with the domestic market still running strong and the external demand environment picking up to support exports. If it wasn’t for the cloud of uncertainty hanging over the UK economy, we would be fairly confident that growth in the sector would remain on a solid footing over the short to medium-term.”


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