Tuesday, October 21, 2008
CBI report says 46% of firms have falling orders
Falling demand for UK-made goods and a drop in output has caused the sharpest single-quarter fall in manufacturing confidence in 28 years, a survey says. In the past three months, 16% of firms had seen a rise in new orders but 46% said they had fallen, the CBI's Industrial Trends survey said. It also found orders for UK-made goods had declined at their fastest rate since 1999 as domestic demand fell.