Orders deteriorate in manufacturing

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Manufacturers say home and export orders are deteriorating and expectations for growth have flattened, according to the Confederation of British Industry.

The CBI head of economic analysis, Anna Leach, revealed that: “Overall demand for manufactured goods has eased back this month, led by a weakening in the consumer goods sector following a strong July figure.

“This sector also contributed to the weakening in output expectations for the next three months, alongside investment goods.

“The economic environment for UK manufacturers remains challenging, with domestic demand relatively muted and the ongoing Eurozone crisis now seeming to drag on broader global economic momentum.”

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