UK manufacturers still hurting

UK manufacturers continued to see weak demand in November, prompting fears the economy could enter a double-dip recession.

While automotive manufacturers in Canada and the United States continue to post strong results, demand for UK goods remains down.

Total orders for November remained largely unchanged from a slump recorded in October, although export orders have improved, The Guardian reports.

On the back of the weak data an extra nine per cent of manufacturers in the UK say they’re expecting to cut orders rather than increase them.

Anna Leach, head of economic analysis at lobby group CBI said while export orders had increased it hadn’t been enough to boost the UK’s ailing manufacturing sector.

“Business confidence continues to be undermined by uncertainty over events in Europe and the fast-approaching US fiscal cliff,” she said.

“However, we expect UK growth to pick-up somewhat in 2013 as this uncertainty gradually subsides and global growth increases.”

Image: ABC

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