Blitz Bureau
THE downturn in British factory orders eased only slightly in April, with new export business sliding sharply amid a global trade war, the Confederation of British Industry said on April 24 reported Reuters.
The Confederation’s monthly balance for manufacturing new orders rose this month to -26 from -29 in March. While marking a five-month high, it still signalled a sharp contraction.
The export orders index sank to -41 from -29, its lowest level since September 2024. A survey from S&P Global on April 23 also showed a severe drop in business from abroad, with tariffs levied by the United States a key factor.
“Manufacturers still seem gloomy about their prospects amid rising costs, an expected decline in new orders and heightened uncertainty around global economic conditions,” the news agency said quoting Ben Jones, lead economist at the CBI.
Extra quarterly questions published in the latest survey showed rising cost pressures and subdued investment intentions. “The combination of financial pressures, market instability and falling confidence is leading manufacturers to cut back employment and investment, with plans for spending on buildings, equipment, innovation and training all taking a hit,” Jones said.
