UK manufacturers have suffered a significant deterioration in their order books in the last month, with export and domestic business hit, according to a closely-watched survey which raises further worries about the state of the wider economy.
UK manufacturers have suffered a significant deterioration in their order books in the last month, with export and domestic business hit, according to a closely-watched survey which raises further worries about the state of the wider economy.
GLOOM: The CBI survey said both consumer and investment goods manufacturers had contributed to weakened expectations. Picture: Julie Howden
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Ian Mcconnell BUSINESS EDITOR
Manufacturers which responded to the Confederation of British Industry's (CBI) latest monthly industrial trends survey also forecast that their output volumes would be flat over the coming three months.
Of the 456 manufacturing survey respondents, 36% said total order books were below normal and only 15% reported they were better than usual.
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