The UK's EEF manufacturers' organization has cut its factory output forecast for this year

  • From 1.5% growth to 0.7%
  • EEF says the proportion of British manufacturers reporting growth was the lowest since late 2009
  • New export orders had edged down to a six-year low
  • Skills shortages are leading to higher wages but slower job growth

Via Reuters

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EEF is formerly the Engineering Employers' Federation

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ps. We had similar points from EEF last week: Just under half of British manufacturers are worried by the possibility of a sharp slowdown in China's economy and one in ten are reviewing their business plans, a survey from an industry group showed on Sunday.