EEF comment on PMI data | EEF

EEF comment on PMI data

Subscribe to About EEF media release feeds


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

“Today’s data shows a solid quarter of expansion for manufacturing with production levels and new orders held firm, supported by strengthening activity in key markets, particularly Europe.  That said, the indicator may well provide a snapshot of what we can expect in the wider economy over the coming year, with a slight deceleration in activity driven mainly by consumer spending tempered by rising prices and squeezed real incomes.

“Today’s data certainly doesn’t set off any alarm bells but it does signal that the consumer, one of the big props of UK growth in recent years, is already under the cosh and if there is any loss of momentum in the global economy, these strong manufacturing indicators could falter.”


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.