Manufacturing Outlook - Q4 2015

This quarter we see significant weakening across most of the major components of our survey, confirming that after a big step forward in growth terms in 2014, industry has taken a step back this year.

The key takeaways from our final report in 2015 are therefore quite different from where we started in March.

Overall output across the sector is now expected to post a marginal contraction. And it is against this backdrop that we judged the government's recent Spending Review and Autumn Statement to have struck a good balancing act of trying to improve public finances while taking steps to boost productivity and long-term growth.