The EEF have boosted their forecast for output in 2018, but cut it for 2019

  • for 2018, output growth forecast is +1.1% (from +0.9%)
  • for 2019, output growth forecast is +0.3% (from +0.5%)

If they are correct for 2019 that'd be the slowest growth since 2015

Comments reported via Reuters: :

  • "The moderation in manufacturing performance over the course of this year appears to have gathered pace during the final quarter with more clouds on the horizon than there have been for some time," EEF's chief executive, Stephen Phipson
  • "There are likely to be a number of causes for the fall in exports this quarter, uncertainty over our future relationship with the EU being the main one," Tom Lawton, a partner at accountants BDO, which sponsors the survey.

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EEF survey of 329 of its members

conducted Oct. 31 to Nov. 21