UK factory output stalls as strong pound dents manufacturing growth
by Phillip Inman Economics correspondent from on (#N71R)
CBI survey suggests sterling, eurozone woes and slowdown in China persuaded has forced a standstill in manufacturing growth
Britain's factory output remained stagnant this month ending a two-and-a-half-year run of growth after a fall in orders and a squeeze on prices sapped the manufacturing sector's confidence, according to an industry survey.
A decline in export orders took the biggest toll on the sector in September, dragging the total order book to its lowest level for six months. Firms said the outlook was still positive, although much less rosy than seen in August.
Related: UK manufacturing hit by turmoil in China
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