March Monthly Briefing

Subscribe to Campaigning blog feeds


Data Roundup

  • GDP growth in the final quarter of 2016 revised up in the second estimate by the ONS, on the back of stronger than previously estimated activity in the manufacturing sector.
  • Business investment ended 2016 on a low note. It contracted by 1.5% over the year as a whole.
  • Growth in real earnings showed an unexpected weakness in December, as inflation accelerated and nominal wage growth stalled. Our Pay Bulletin showed that this trend might continue into 2017.
  • World trade continued on its weakening trend in 2016, but has gained some momentum in the final quarter of last year. The sustained expansion in PMIs at the start of this year suggest that growth in world trade might - finally - turn a corner in 2017.



    Download the full briefing here.

    Other articles from this author >
    Terry Scuoler
    No deal is a no-go for manufacturers

    27 Mar 2017

    Read Terry Scuoler's blog on why concluding two years of negotiation with the EU without a deal is not an option for manufacturers.

    9th-largest UK Manufacturing 2016/17, the Facts

    See our latest facts and figures on how manufacturing is contributing to the UK economy.

    Read more >
    industrial-strategy-has-landed Industrial Strategy

    EEF has long called for the creation of an industrial strategy and now that one is here we are determined to make it a success for the sector.

    Read more >