Industrial orders in UK declined in May to a minimum since November 2016

Industrial orders in the UK declined in May to the lowest level since the end of 2016. As a survey of the Confederation of British Industrialists showed, the monthly balance of industrial orders fell in May to minus 3 points from plus 4 points in April. At the same time, the indicator remains above the long-term average of minus 14 points. The British manufacturing sector, which showed significant growth in 2017, slowed this year. The head of Economic Intelligence of CBI, Anna Leach, said: “Production in the UK has lost some momentum since the beginning of the year amid a softening of both domestic and global growth”.

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