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UK Manufacturers report weakening in total and export orders
UK manufacturers reported a deterioration in both their total and export order books in August, while expectations for output growth have flattened, the CBI has said. Of the 456 manufacturers responding to the latest monthly Industrial Trends Survey, 15% reported that order books were above normal, while 36% stated that order levels were below normal. The balance of -21% represents the lowest return since the end of last year (December -23%). Similarly, export orders have weakened with manufacturers reporting a balance of -17%. While still above the long-run average of -21%, this is the lowest figure reported since ... (full story)
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