Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

UK factory output expectations hit lowest since 2009 - CBI

UK factory output expectations hit lowest since 2009 - CBI
FILE PHOTO: A worker holds a component for a Volvo truck at the Muller manufacturing facility in Redditch, Britain August 28, 2018. REUTERS/Darren Staples -
Euronews logo
Text size Aa Aa

LONDON, Sept 24 (Reuters) – British factories’ expectations for output fell in September to their lowest level in more than 10 years, according to a survey that showed Brexit and a global slowdown weighing on manufacturing.

The Confederation of British Industry’s (CBI) monthly gauge of manufacturing order books fell in September to -28 from -13, below expectations in a Reuters poll for a reading of -18.

The survey’s gauge of output expectations in the next three months fell to -19 from -1, its lowest level since April 2009.

“Following a stabilisation in last month’s data, UK manufacturers have become noticeably gloomier in September,” said Anna Leach, CBI deputy chief economist.

“This likely reflects a combination of heightened Brexit uncertainty and the ongoing global slowdown in manufacturing.”

(Reporting by Andy Bruce and David Milliken)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.