Manufacturing confidence hits six-year low
Manufacturing optimism in the UK has plummeted to its lowest level since January 2013, the month when David Cameron committed to call an in-out referendum on Britain’s EU membership.
BDO’s Manufacturing Optimism Index, which shows how businesses expect their order books to develop in the next three to six months, fell to 98.26 in May from 101.09 in April.
In further gloomy news for the industry, the report shows that output growth is at its lowest point since February 2017 and close to contraction. BDO’s Manufacturing Out... 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...