Belfast Telegraph

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Brexit: Concerns despite UK manufacturing growth

By Ravender Sembhy

British manufacturing order books recovered in the three months to June, but economists have warned that the outlook remains clouded by Brexit and the threat of a global trade war.

The Confederation of British Industry (CBI) industrial trends survey of 388 manufacturers showed that output grew at the fastest pace since December 2017 over the period, broadly in line with expectations.

Growth was driven by sectors including food, drink and tobacco and mechanical engineering, the CBI said.

The survey showed that a balance of 13% of order books were above normal and 9% of export order books remained above normal.

The figures represent a bounce back from earlier in the year.

Manufacturers expect output growth to slow slightly in the coming quarter. A balance of 18% expects output growth to slow slightly. Export orders remained stable and above average.

Belfast Telegraph

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