Manufacturing slide could be bottoming out, says EEF
by Katie Allen from on (#1677P)
Signs of improvement in industry after dismal 2015, according to manufacturers' organisation
UK manufacturers are hopeful they can eke out some growth this year after the 2015 slump, but worries about the world economy will continue to weigh on hiring and investment plans, a survey of the sector found.
The manufacturers' organisation EEF said there were signs of a "bottoming out" in some of the trends from last year, when output fell, steel plants closed and orders plummeted for those factories supplying the embattled oil industry.
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