EEF’s quarterly Manufacturing Outlook survey is now live and ready for businesses to participate in. The data in the survey (which closes on Wednesday 25 November 2015) informs our quarterly Manufacturing Outlook report, giving an overview of trends and business conditions in engineering and manufacturing companies.
By providing information about your business, you can help us to communicate key trends in manufacturing to the media, policy makers across government and the Bank of England - so they can really understand the conditions in which manufacturers like you operate.
Key facts from our Q3 report:
All indicators weakened in Q3 - balance of companies reporting growth in output hit -2%, which is the first negative balance since the beginning of 2013 and the lowest since the end of 2009.
But UK industry is diverse and growth prospects vary accordingly - consumer facing sectors, such as food and motor vehicles seeing positive responses on output and orders.
What happens in China does matter – China remains one of the UK’s top ten markets for goods exports.
Longer term confidence has cooled not collapsed - companies are still reporting modest levels of optimism about their business prospects in the coming year.
Manufacturing will still grow this year, but not by as much as we were forecasting at the start of the year.
Read the full report here.
to take part in the latest survey, and complete before Wednesday 25 November 2015. You will also stand a chance of winning a ticket to the EEF National Manufacturing Conference taking place on 24 February 2016 in London, where we will be focusing on the major issues facing manufacturers.