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30th of December 2010
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News Tag: EEF

December 6, 2010

EEF manufacturing survey reveals caution for 2011

by Kay Murchie
A survey by the Engineering Employers' Federation (EEF), the manufacturers' trade body, has revealed manufacturing output continues to operate at record levels, however, they are cautious about next year‘s prospects. The survey revealed a balance of 33% of firms reported an increase in output in the fourth quarter, unchanged from the previous quarter - which represented the highest since records began ...

September 20, 2010

Survey finds credit availability has not improved

by Kay Murchie
A survey by the EEF engineering group has discovered that British companies are still struggling to obtain credit. According to the manufacturers' organisation, credit is more expensive today than two months ago. The claim comes despite calls from the Government and business leaders to increase lending to businesses. Commenting on its report, Lee Hopley, the chief economist of the EEF, said: "The recession ...

September 6, 2010

Trading “buoyant” for UK manufacturers

by Gill Montia
Britain’s manufacturers are continuing to report "buoyant trading conditions" on the back of rising demand in overseas markets, according to a joint study from trade organisation, EEF, and accountancy firm BDO LLP. In their latest "Manufacturing Outlook" report, the pair suggest that the recovery begun at the end of last year has been sustained, with output and order balances reaching record levels for ...

August 2, 2010

UK manufacturing activity slows further in July

by Kay Murchie
The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed further in July. The closely-watched CIPS/Markit manufacturing PMI dipped slightly from 57.6 in June to 57.3 in July. However, the reading exceeded forecasts of 57.0 and is still close to May’s 15-year high of 58.1. Furthermore, the sector has now expanded for a whole year and it remains way ...

June 7, 2010

Survey reveals manufacturing recovery is gathering pace

by Kay Murchie
A joint survey by manufacturing organisation, the Engineering Employers' Federation (EEF) and accountancy firm, BDO, has revealed that Britain's manufacturers are bucking the trend in the sluggish economic recovery. According to their research, an increasing amount of manufacturing firms have experienced an increase in demand from overseas markets. The balances of manufacturers reporting increases rather than decreases in output and new orders ...

May 19, 2010

CBI urges public sector pay cuts

by Kay Murchie
The Confederation of British Industry (CBI) has said that in order to control public finances, a two-year pay freeze should be imposed on most public sector workers' pay. Selected public sector pay and recruitment freezes could save £18 billion in the next two years, the business group argued, and it highlighted that pay freezes were the norm in private firms during the ...

March 1, 2010

CBI survey shows optimism but warns of slow recovery

by Kay Murchie
A survey from the Confederation of British Industry (CBI) has provided some optimism for the UK economy but the business group warns of a drawn-out recovery. According to the CBI, its survey found business volumes stabilising across the services sector over the last three months. Meanwhile, the survey found that consumer services, which include hotels and travel, business was at ...

January 14, 2010

UK manufacturers warn recovery will be slow

by Kay Murchie
Industry body, the EEF, has warned that UK manufacturers believe it will be 2011 before the industry returns to pre-recession levels. It was recently announced that manufacturing output remained flat for a second consecutive month in November. On an annual basis, manufacturing output declined by 5.4%, according to the Office for National Statistics (ONS). The recession-hit sector has been struggling to see a ...

September 1, 2008

New orders for UK’s industrial output fall to 3-year low

by Kay Murchie
New orders for UK's industrial output fall to 3-year low
Figures from the Engineering Employers Federation (EEF), the manufacturers' organisation, have revealed that new orders for the UK's industrial output have fallen to their lowest level for 3 years. As a result, the majority of manufacturers are now cutting staff rather than hiring and the EEF has warned that it is essential that the Government deal with the ...