EEF NW comment on GDP figures

Commenting on today’s GDP figures, David Ost, North West Region Director of EEF, the manufacturers’ organisation said:

“This is modestly good news. However, the economic challenges we face are shared by much of the rest of the world, particularly Europe, and are hampering manufacturing’s efforts to export our way to growth.

“The message to government remains the same. We need every part to get behind and deliver a plan for growth. In particular, it must ensure it delivers on its commitments to increase investment in our infrastructure and increase competition in the banking sector. It must also build on the expansion of Funding for Lending to get credit flowing to companies, especially SMEs, that are looking to invest,.”