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Thursday, the latest monthly Industrial Trends Survey from the Confederation of British Industry showed that manufacturers' order books remained depressed last month with the weakness in foreign and domestic demand.
The survey found that only 8% of firms registered above normal order book level, while 56% reported below normal, resulting in a negative balance of 48%. However, the balance stood above August's negative reading of 54%.
Despite the relative weakness of sterling, export order book level were well below normal. A balance of 46% reported below normal order book.
Firms expect little change in production in the coming quarter, with 27% expecting volumes of output to fall in the coming three months, while 25% predict an increase.
Ian McCafferty, CBI Chief Economic Adviser said, "The end of the dramatic de-stocking that characterized the first half of the year has allowed manufacturing output to stabilize, but order books remain depressed, and the outlook uncertain."
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