Global economic woes slash manufacturing growth forecast

Posted on 7 Sep 2015 by Jonny Williamson

A global list of economic uncertainty – including uncertainty in Europe, China and Greece – is casting a shadow over UK manufacturing, according to the latest Q3 Manufacturing Outlook survey from EEF and global law firm, DLA Piper.

EEF has halved its 2015 manufacturing growth forecast from 1.5% to 0.7% (down from 1.7% at the beginning of the year). The latest quarterly EEF/DLA Piper Manufacturing Outlook survey shows that a ‘rollercoaster of risks’ is taking a toll on UK manufacturing’s key indicators and most notably in output and orders,…

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