Factory production and orders fell to their lowest level since the 2009 recession, far lower than previous forecasts, a survey released today by EEF and BDO LLP shows. But another economic index shows orders recovered in August.
Factory output over the past three months fell to its lowest level since Q4 2009 and the orders balance was the weakest since Q1 2010, in a survey by manufacturers’ group EEF and business advisers BDO LLP. Alarmingly, responses on orders from UK customers turned negative for the first time in ten quarters, in a…
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