Brexit uncertainty and a slowdown in global growth are weighing on British manufacturers, with factory orders falling at the fastest pace in a decade, according to the CBI.
A balance of -15 per cent of businesses reported a rise in new orders in the quarter to this month compared with +5 per cent in the three months to April, the trade body’s industrial trends survey of 291 firms showed. Domestic and export orders fell at the fastest rate since the financial crisis.
