Sat. Mar 6th, 2021
British Manufacturers' Order Books Improve In February
UK manufacturers’ order books improved in February and output fell slightly but at a more moderate rate than in the first lockdown, the Industrial Trends Survey from the Confederation of British Industry showed Friday.

The order book balance improved to -24 percent in February from -38 percent in January. However, the export order books balance fell to -39 percent from -33 percent in the previous month.

Output volumes in the three months to February fell at a moderate pace of -8 percent versus -2 percent in January.

“Manufacturing activity remains patchy, but so far appears to have taken a smaller hit than in previous lockdowns,” Alpesh Paleja, CBI lead economist, said.

However, a stubbornly mixed picture persists among the different manufacturing sub-sectors, pointing to the asymmetric impact of restrictions, Paleja added.

For comments and feedback contact:

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Facebook Comments

Leave a Reply

Translate »

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more

Share This