Record high export orders drive British manufacturing boom

Published: 5th Sep 2017

British manufacturers are booming thanks to a weak pound in the wake of the EU referendum which has driven export orders to record highs, while the construction sector is languishing at a 12-month low.

Fresh economic data highlighted the disparity between the two sectors, with the UK’s factories soaring as the currency rates mean foreign customers are snapping up cheap products.

However, construction is suffering, with purchasing manager’s index (PMI) numbers showing the sector is barely growing as commercial work declines and future orders dry up because of Brexit uncertainty.

 

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