RTTNews - 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.
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