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Pick-up at food factories hit by floods spurs UK manufacturing

Factory - CBI has released a report - SantanderCB

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.

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