- Prior -30
Ouch. The reading here is a miss on estimates as UK manufacturers report a setback with orders falling once again. The reading is the lowest since June, which matches the lows seen at the start of the year. The output gauge for the next three months also fell further to -13 (from -6 previously) and that’s the lowest since May. CBI notes that “manufacturers report that rising costs are squeezing margins and leaving customers more cautious, which in turn is hitting orders and weighing on output”.
This article was written by Justin Low at investinglive.com.