UK Manufacturers See Decline In Output: CBI Survey

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Wednesday, the latest Industrial Trends Survey from the Confederation of British Industry found that around 32% of UK manufacturers expect the output volume to drop over the coming three months, while 27% said it will increase. The resulting balance of minus 5% represents a slight fall in output, which was the least negative prediction since June 2008.

A balance of 54% of manufacturers reported that total order books are below normal. This was a slight improvement on July's 17-year low. Meanwhile, export order book levels also remained feeble with a balance of 48% reporting them to be below normal.

Richard Lambert, CBI Director-General said, "Manufacturers are facing weak demand at home and abroad, and their order books continue to look anaemic."

Wednesday, the latest Industrial Trends Survey from the Confederation of British Industry found that around 32% of UK manufacturers expect the output volume to drop over the coming three months, while 27% said it will increase. (Market News Provided by RTTNews)