2018.09.2406:56:00UTC+00UK Manufacturing Orders Deteriorate In September

UK manufacturing orders deteriorated in September as export order books faded a little, the Industrial Trends Survey from the Confederation of British Industry showed Monday.

The total order book balance fell to -1 percent in three months to September, in contrast to the forecast of +4 percent. The export order book balance stood at +5 percent.

Manufacturers expect output to grow at a faster pace in the coming quarter, with the balance at +19 percent.

The balance of companies expecting average selling prices to increase in the coming three months fell to +13 percent from +15 percent in August.

"Heightened fears of a 'no deal' Brexit scenario have prompted some firms to move publicly from contingency planning to action," Anna Leach, CBI head of economic intelligence, said.

"Looking ahead to the Autumn Budget, business rate reform, coupled with movement on capital allowances, could help encourage productive investment against this uncertain backdrop."