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Manufacturing output and orders remain robust
The survey of 379 manufacturers revealed that output growth slowed slightly in the three months to August but remained well above the long-term average. Output growth remained broad-based, with 13 out of 17 sub-sectors reporting growth, driven by the ‘food, drink and tobacco’ sector. Manufacturers expect output growth to continue at a similarly firm pace over the next three months. While total order books faded slightly compared with the previous month, they were still comfortably above the long-run average. Export orders remained strong and well above the long run average. Meanwhile, expectations for output ... (full story)