Pick-up at food factories hit by floods spurs UK manufacturing
The CBI has released a report showing that manufacturing orders have improved in the three months to May, particularly domestically.
However, much of the return to form has been attributed to food and drink production getting back up and running after flooding hit factories earlier this year.
The business organisation's survey of almost 500 manufacturers showed that 16% of companies reported an increase in total orders while 24% reported a decrease.
The net balance of -8% was an improvement on April's figure of -11%. The balance for export orders was -14% in May, slightly down from April's -13% reading.
Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.
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…
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…