empty
 
 

2019.11.0603:15:00UTC+00UK Small Manufacturers Optimism Deteriorates: CBI

British small and medium-sized manufacturers optimism dropped at the fastest pace since mid-2016, quarterly survey from the Confederation of British Industry showed Wednesday.

According to SME Trends Survey, business sentiment fell to -32 in three months to October, the fastest fall since July 2016. At the same time, output remained flat in the three months to October and a balance of -9 percent expects it to fall next quarter.

Total new orders slid slightly in the three months to October driven by ongoing falls in both domestic orders and export orders.

"Firms are caught between the perfect storm of perennial Brexit uncertainty at home, and sluggish growth in the global economy," Alpesh Paleja, CBI lead economist, said. As well as hitting output, orders and hiring, these issues are depressing investment plans across the board.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback