British Manufacturers’ Order Books At 29 Year High

UK manufacturers’ order books are at their highest level since August 1988. A CBI survey of 464 firms found a “broad-based improvement” in 13 out of 17 manufacturing sub-sectors, with food, drink and tobacco and chemicals leading the British-made boom. Meanwhile, export orders rocketed to a 22-year high. CBI Chief Economist Rain Newton-Smith said:

“Britain’s manufacturers are continuing to see demand for “Made in Britain” goods rise with the temperature. Total and export order books are at highs not seen for decades, and output growth remains robust.”

This is the same CBI that warned before Brexit that an out vote would cause a “serious economic shock“, set to cost £1 billion to the economy and threaten nearly 1 million jobs. This time last year, 70% of surveyed city economists predicted the UK would by now be in recession. Experts…

mdi-tag-outline Brexit CBI Despite Brexit
mdi-timer June 22 2017 @ 16:57 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
Home Page Next Story

Comments are closed