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UK manufacturing activity continues to weaken
The survey of 358 manufacturers found that total order books softened slightly on the previous month, while remaining above their long-run average. Export order books strengthened from February and remain historically elevated. Output volumes growth weakened marginally in the three months to March, falling in line with the long-run average. However, this month’s pace of growth was weak by comparison with the strong output growth rates seen over 2017-18. Output volumes expanded in 11 out of 17 sub-sectors, with growth driven predominantly by the food, drink, & tobacco, chemicals, and metal manufacture ... (full story)
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