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Manufacturing output stabilises
Manufacturing output stabilised in the three months to August, following a drop in July. That’s according to the latest monthly CBI Industrial Trends Survey. The survey of 286 manufacturing firms revealed that both total order books and export order books were reported as below normal, but to a lesser extent than in July. Output volumes expanded in 7 of 17 sub-sectors in the quarter to August, with the chemicals, mechanical engineering and plastic products sub-sectors driving the positive contributions to growth. Meanwhile, the paper, printing and media sub-sector acted as the primary drag on growth. Respondents ... (full story)