BCC: Modest manufacturing recovery must be supported - Lincolnshire Chamber of Commerce and Industry, UK

Commenting on the manufacturing output figures for June, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

“These figures are slightly weaker than expected, but coming after a strong increase in May, manufacturing remains firmly in positive territory when compared with a year ago.

“While the manufacturing sector’s performance this year is pleasing, there is no room for complacency. The recovery is not yet secure, and we are now seeing worrying signs that the global economy is slowing down.

“Although manufacturing is still enjoying a relatively competitive exchange rate, global problems, particularly in the eurozone, pose serious challenges. As well as an extended period of low interest rates, the government must ensure that it supports manufacturers by allowing them the freedom to invest, grow and create jobs.”