UK factory orders grew faster than expected for August as overseas demand picked up, according the Confederation of British Industry’s latest industrial trends survey.
The CBI survey of 414 manufacturers showed orders rose to +11 in August from +2 in July, coming in above expectations of a reading of +4 and their long-run average of -16. Foreign demand also saw a big increase, with orders rising to -3 from -16, comfortably above the -20 average reading. Katja Hall, CBI…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
