East Midlands manufacturing slows amid rising costs and weak orders
Manufacturers in the East Midlands have had a weak start to the second half of the year, with output and orders turning negative and recruitment intentions hit by higher National Insurance Contributions.
The Make UK/BDO Q3 Manufacturing Outlook survey reported output and orders at balances of -6% and -17%, while recruitment intentions remained at -6%. Investment intentions were the only positive note, rising modestly to +6%.
Nearly 70% of companies expect further business tax increases in the upcoming Budget, while 68% said cost... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
