Export orders may be the saving grace for manufacturers during an imminent slowdown for the sector says the CBI, as their latest figures confirmed the bleak outlook laid out late last week by CIPS/Markit.
“Exports are helping to limit the slowdown in the manufacturing sector, boosted particularly by sterling’s weakness against the Euro,” said Peter Gutmann of Experian, which conducts surveys jointly with the CBI, “However, the near-term outlook for manufacturing still looks tough as the economy enters a precarious phase,” he added. While orders in the North West…
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