CBI Survey Reveals a Job Growth Boosts in Medium and Small UK manufacturing But Exports Remain Flat
On Monday a survey conducted by Confederation of British Industry (CBI) revealed that thought the job market for three month shows a boom for the medium and small manufacturing industries in Britain yet the export orders remained flat.
As per CBI, there was a strong growth seen in the domestic orders and output. The growth rate was the fastest experienced in the sector ever since 1988 when records began to be tracked.
However the slack in the exports reflected by other business surveys conducted in the previous week point at a declining growth in fresh business coming from overseas.
CBI deputy director, Katja Hall said, "Smaller manufacturers are settling into a regular growth pattern, with their order books and output growing for the fourth consecutive quarter (But) we need the government to get behind our small and medium-sized manufacturers to help them to sell their products and services to new markets around the world, giving a sustainable boost to long-term growth."
The manufacturing purchasing managers' index last week revealed a four month's low for the growth of export orders whereas the industrial sentiment survey from the European Commission showed the manufacturing export orders from Britain at their lowest point ever since August 2013.
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