June Monthly Briefing | EEF

June Monthly Briefing

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Data Roundup

  • GDP growth was revised down to 0.2% in the first quarter of 2017. But the surprise came from business investment which bounced back after a poor performance at the end of 2016.
  • More of the same in manufacturing - strong PMIs and double-digit balances in our 2017q2 Manufacturing Outlook continue to paint a sector in rude health.
  • EEF average pay settlement ticking up and manufacturers continue to offer higher pay increases than the rest of the economy.
  • Consumer confidence holds up ahead of snap election



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