EEF comment on PMI data

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Commenting on today’s PMI data, Felicity Burch, Senior Economist at EEF, the manufacturers’ organisation, said:

“Today’s data reflects continued weakness in demand in the oil and gas sector and a return to subdued demand in Europe after tentative signs of an improvement earlier in the year. However, there are some positive signs about the domestic economy underneath this, with consumer goods performing well while employment in manufacturing continues to expand, suggesting companies are still positive about growth.”


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