Order Books Fall to 17-Year Low

Summary


HOPES of a swift recovery in the manufacturing sector have been dealt a blow after survey figures revealed the worst result for order books in more than 17 years.

The latest CBI Industrial Trends Survey suggested a relapse for the sector in July as a balance of -59 per cent of manufacturing firms reported their order books were not at normal levels - the worst reading since January 1992.

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Extract


Order Books Fall to 17-Year Low

This comes after improving order figures for May and June.

Quarterly figures also signalled ongoing pessimism over demand, with firms runnin...

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