UK manufacturing output accelerates, but ‘wait-and-see’ mode persists

Posted on 24 Jul 2018 by Jonny Williamson

Manufacturing growth has accelerated to its strongest pace in a year, yet investment decisions have deteriorated, according to the latest quarterly CBI Industrial Trends Survey.

Planned spending on ‘product & process innovation’, and on ‘training & retraining’ is expected to fall at the fastest rate since July and April 2009, respectively – image courtesy of Depositphotos. The survey of more than 350 manufacturers revealed that new orders continued to expand at a brisk pace, with a…

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