The UK economy has grown 3.2% in the second quarter of 2014, with manufacturing expanding 0.2% between April and June, its weakest increase in over a year.
However, experts argue “that’s not to say alarm bells should be ringing”. The sector is continuing to benefit from one of its strongest growth periods for 22 years, according to the Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI). Lee Hopley, chief economist at EEF said about the data: “Kicking off the data reporting for the…
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