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- UK manufacturing new orders fell at the fastest pace in three years in the quarter to October - CBI
UK manufacturing new orders fell at the fastest pace in three years in the quarter to October - CBI
Manufacturing new orders fell at the fastest pace in three years in the quarter to October, reflecting falls in both domestic and export orders, according to the latest quarterly CBI Industrial Trends Survey.
The survey of 354 manufacturers showed that output growth was stable at an above-average pace in the three months to October relative to the quarter to September. But output growth is expected to stall in the three months to January 2019 - marking the weakest expectations in around three years. Total new orders are also set to fall a little further in the quarter ahead.
Business optimism tumbled at the fastest pace since the UK's vote to leave the EU, while optimism about export prospects for the year ahead fell at the fastest pace since the Eurozone crisis. Meanwhile, concerns that political and economic conditions were likely to limit export orders over the next three months were the highest since immediately after the EU Referendum.
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