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- UK manufacturing new orders flattened in the quarter to January and sentiment about both the business situation and export prospects tumbled, according to the latest quarterly CBI Industrial Trends Survey
UK manufacturing new orders flattened in the quarter to January and sentiment about both the business situation and export prospects tumbled, according to the latest quarterly CBI Industrial Trends Survey
The survey of 326 manufacturing firms showed that output grew at a pace above the long-run average in the three months to January, a little slower than in the three months to December. Manufacturers expect volumes to continue growing at a similar pace over the next three months.
New domestic orders were unchanged over the past three months, stabilising from a fall in the previous quarter, which was the first decline in three years. While new export orders picked up following a fall in the three months to October, growth was weak and well below the highs seen in mid-2018. Overall order books remained strong, with export order books particularly robust.
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