World Economy

UK Exports to Weaken

UK Exports to WeakenUK Exports to Weaken

Manufacturing growth in Britain continued in the three months to July, but exports are set to weaken, according to the latest CBI Quarterly Industrial Trends Survey, NewsNow reported. The survey of 445 firms reported slower growth in total new orders in the quarter to July, though it remained above average. Growth in total new orders, output and numbers employed are projected to remain firm over the next quarter. The volume of new export orders rose slightly, but the outlook for the next quarter is gloomier. Survey respondents continue to report sharp falls in competitiveness in the EU, likely linked to sterling rises earlier in the year.