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Factory orders fell this month [...].


6 Factory orders fell this month but things are still looking up, a survey by business group the CBI found.

Manufacturers have seen a sharp drop in orders this month, compared with December, shattering expectations. But the poll found factory bosses reckon the next three months will be the strongest for two years.

The CBI survey of 360 bosses showed the weakest reading for exports since July.

Stephen Gifford, CBI director of economics, said manufacturing's recovery was still on track, but now was "not the time to take our foot off the gas". He said: "There are still risks ahead and our manufacturers need help to break into high-growth export markets."

Weak demand in the eurozone and a strong pound may hamper export efforts.
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Title Annotation:Business; Opinion, Columns
Publication:The Mirror (London, England)
Date:Jan 22, 2014
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