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Export prospects are improving, say factory chiefs

Reports, Exports Improved 13% According to Factory Chiefs - SantanderCB

The CBI has said optimism among small and medium-sized manufacturers has picked up. Their feelings about export prospects for the year ahead improved significantly, with a rise of 13% compared with a fall of 14% the previous quarter. Rain Newton-Smith, CBI economics director, said: 'It's encouraging to see smaller manufacturers' optimism and orders stabilising. There are expectations that domestic orders and exports growth will pick up in the next quarter and many smaller manufacturing firms also plan to invest more in their staff training.' Manufacturing orders among smaller companies were flat in the three months to January while export orders fell, according to the CBI's survey of 426 companies. The total balance of new export orders was -4%. This compared with a total export order balance of -35% in the previous quarter.

 

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