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Manufacturing events: Fall in sentiment
Sentiment among UK manufacturers has fallen sharply according to new research which may be off interest to people attending manufacturing events.
The new survey from the CBI has found that sentiment has deteriorated sharply among UK manufacturers as they predict that the next few months will see a significant drop in activity.
They expect orders and output to fall over the next quarter while firms are also predicting a run-down in their stock holdings. In fact this fall in sentiment was the sharpest decline since April 2009.
Out of 446 manufacturers responding to the latest Quarterly Industrial Trends Survey 30 per cent believe that domestic orders rose in the three months to October while 25 per cent said that they had fallen.
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