Business Advice for all UK firms from starting a business to flotation
Decline in factory orders slows
UK factory orders fell at their slowest pace in November for almost a year and export demand was the highest since April, according to the Confederation of British Industry's Industrial Trends Survey.
The CBI's survey found that a balance of 45% of firms said total order book levels were below normal, the least negative since December 2008.
27% of manufacturers anticipate a higher volume of output over the next quarter, while 23% said it would fall. The balance of +4% marks the second consecutive month where marginal output growth is expected.
"Manufacturers have had another testing month, though conditions are not quite as bleak as they have been for much of 2009. The weaker pound has softened the blow for exports, but the ongoing lack of demand for manufactured goods reconfirms that any recovery will be anaemic and slow," said Ian McCafferty, chief economic adviser of the CBI.
Post Date: November 19th, 2009
The CBI's survey found that a balance of 45% of firms said total order book levels were below normal, the least negative since December 2008.
27% of manufacturers anticipate a higher volume of output over the next quarter, while 23% said it would fall. The balance of +4% marks the second consecutive month where marginal output growth is expected.
"Manufacturers have had another testing month, though conditions are not quite as bleak as they have been for much of 2009. The weaker pound has softened the blow for exports, but the ongoing lack of demand for manufactured goods reconfirms that any recovery will be anaemic and slow," said Ian McCafferty, chief economic adviser of the CBI.
»
- Login or register to post comments
- Printer friendly version
Post Date: November 19th, 2009
.
.
Accounting Advice | Banking & Finance | Business Continuity | Entrepreneurs | HR/Payroll Advice Insurance Advice | International Trade
Internet Advice I.T. Advice | Legal Advice | Marketing Advice | Office Management | Pensions & Benefits Property/Relocation | Recruitment Advice
Starting a Business | Telecommunications | Training/Education Travel Advice | Utilities Advice | Vehicles
copyright © 1998-2018 Newbusiness.
Homepage | Terms & Conditions | Copyright & Trademarks | Privacy Policy | Sitemail & Forum Policy | Sitemap