A more positive year ahead for UK manufacturers?
9 March 2016
Commenting on the Office for National Statistics’ Index of Production figures for January released today, Mark Stephenson, UK manufacturing industry leader at Deloitte, said:
“The challenges UK manufacturers are up against should not be underestimated. Slow global economic growth, weak Chinese trade data, downgraded UK growth forecasts, turmoil in the steel industry and the PMI at its lowest point for almost three years, are just some of the factors at play.
“Therefore today’s manufacturing output figures show how resilient the industry is and signals the prospect of a more positive year ahead for UK manufacturers. This week’s EEF survey highlighted that firms expect modest growth in the coming months, and a weakened pound should boost many exporters.”
Notes to editors
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
Member of Deloitte Touche Tohmatsu Limited.