Wednesday , January 27 2021

British factory orders recover in November after falling in October | Latest news

LONDON (Reuters) – British factory orders recovered in November after plummeting in October, a study showed that could help ease concerns about the economic downturn in the run-up to Britain's break with the European Union in March.

The British Industry Association reported that the monthly book of orders rose to +10 from -6 in October, which is the biggest decline in two years.

Reading in November was stronger than all economists had expected in a Reuters poll.

“It is gratifying to see an improvement in the manufacturing sector after the October survey, with an increase in orders and production growth,” said Rennes-Newton-Smith, chief economist of the industry union.

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