UK manufacturers are clearly worried about what’s to come - TDS

Research Team at TDS, notes that the UK CBI industrial trends survey for July saw total orders fall from –2 to –4, which was better than the –6 expected by consensus.

Key Quotes

“But the underlying details showed a lot more softness, with business optimism in particular dropping to its lowest level since 2009. The underlying questions on investment intentions also softened markedly, so while current manufacturing activity hasn’t seem to have been hit too hard in the wake of Brexit, manufacturers are clearly worried about what’s to come.”