Article V3AC UK manufacturers fear bleak outlook as export orders tumble

UK manufacturers fear bleak outlook as export orders tumble

by
Katie Allen
from on (#V3AC)

CBI's snapshot of sector reveals strong pound and jitters over global growth are likely to dent factory output

UK manufacturers have reported the weakest overseas demand for their goods for almost three years as they grapple with a strong pound and a weaker global economy.

The latest snapshot of factory order books and output from the CBI also showed companies expected output to fall over the coming three months - despite it having picked up in recent weeks, the business group reported.

Related: UK manufacturers urge George Osborne to maintain spending on innovation

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