Manufacturers upbeat but less bullish on prospects

MANUFACTURERS’ bullish expectations at the beginning of 2014 have eased back, leaving firms cautiously confident as they head into 2015, according to a new study.

The annual EEF/Aldermore Executive Survey shows optimism has been tempered by a hefty dose of realism, with those expecting UK economic conditions to improve almost halving from 70% to 37% this year.
The survey comes as latest output data shows UK manufacturing activity hit a three-month low in December.

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