UK Manufacturers See Pick-Up Ahead, but EU Vote Key

Embattled British manufacturers expect a slight recovery in the second half of 2016 but that slow improvement could be knocked off course if the country votes to leave the European Union, an industry survey showed on Monday.

A downturn across British factories eased in the April-June period but the pick-up was weaker than companies expected three months ago, industry association EEF said.

Nonetheless, manufacturers remained optimistic about the second half of the year, probably reflecting an assumption that Britain will vote to stay in the EU in a referendum on June 23 and that some other causes of weak demand continue to wane.

Reuters

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