• From The BBC:

    UK manufacturers are more optimistic about their production outlook for the next three months than at any time in more than a year, a survey has found.The CBI said 32% of manufacturers expected to see output fall between now and October, while 27% said they were looking forward to a rise. The resulting balance of -5% was the least negative sine June 2008. However, current demand remains weak, with 54% of firms saying orders in August were below normal. “Manufacturers are facing weak demand at home and abroad, and their order books continue to look anaemic,” said Richard Lambert, the CBI’s director general. “More positively, expectations for manufacturing output over the coming three months are the least negative in over a year. “This is partly because many firms have run their stock levels down quite aggressively over the summer, so some manufacturers are now looking to raise production.”…

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    Posted by Jon @ 11:52 am

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