Manufacturing new growth

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Manufacturers orders and output are expected to grow in the next three months, despite orders falling and output remaining flat in the three months to October, says the Confederation of British Industry.

The CBI says employment and investment picture remains relatively positive.

Anna Leach, CBI Head of Economic Analysis, said: “Domestic and overseas demand have both slipped unexpectedly this quarter, while output growth has tailed off.

“Sentiment regarding business conditions has also fallen back, particularly for exports. UK companies are increasingly concerned by political and economic conditions abroad, whether it is ongoing weakness and uncertainty in the Eurozone or the approaching fiscal cliff in the US.

“Nevertheless, underlying conditions seem relatively stable in this survey.”

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