Economic news

Britain’s industrial orders decline the steepest in three years

UK manufacturing orders contracted at the highest rate since 2015 in the three months from August to October, while optimism indicator was at the lowest from the time of Brexit referendum two years ago, according to today’s survey.

The book balance for the three-month period by the Confederation of British Industry's was at negative 6, the least since the same period three years back, with the fall more evident compared to July’s reading of +15.

Rain Newton-Smith of CBI commented that these figures were signaling it was time for instant action in the country and abroad.

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