Strong manufacturing growth this year will be weighed down by a “flagging” eurozone and ongoing tensions between Russia and the West, according to a respected survey.
The EEF’s quarterly healthcheck of the industry shows the sector remains on course for a stellar year of growth in 2014, boosting hopes that Britain’s recovery will become more broadly based.
A survey of almost 300 companies by the manufacturers’ organisation shows a majority plan to hire more staff and increase investment in the coming months, taking the positive run of investment intentions to 17 consecutive quarters.
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