UK factory export orders declined steepest since December 2020, reaching -44 in September (from -22 in August).
UK factory export orders have seen their steepest decline since December 2020, with the Confederation of British Industry (CBI) reporting a drop to -44 in September from -22 in August. Overall factory orders also fell to a 10-month low of -35, worse than predicted. This downturn indicates ongoing struggles in the manufacturing sector, as output has been decreasing since the second quarter, with expectations of continued weakness ahead.
September 23, 2024
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