Business Services

Manufacturing order books improve

Factory - UK factory activity stabilised this month - SantanderCB

UK factory activity stabilised this month, though a gloomy economic backdrop continued to weigh on exporters, according to the CBI.

The business group said manufacturers' order books improved in April compared with March. Some 15% of the 472 companies it surveyed said order books were 'above normal' in April, compared with 26% that said they were below average.

The resulting balance of -11% was above March's reading of -14. It was also higher than economists' estimates and the long-run average of -15. Data for the three months to April also suggested the recent downturn in manufacturing was starting to moderate.

Despite the looming EU referendum, manufacturers were more optimistic that orders would pick up over the next three months. 'In contrast to the message from other surveys, Brexit risk also does not appear to be dissuading investment,' said Samuel Tombs, chief UK economist at Pantheon Macroeconomics.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?