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UK Manufacturing Orders Drop At Slower Pace: CBI

UK manufacturing orders decreased at a slower pace in August, the Industrial Trends Survey from the Confederation of British Industry showed Tuesday.

The order book balance rose to -13 percent in August from -34 percent in July. Likewise, the export order book balance improved to -15 percent from -32 percent.

Manufacturers expect to keep output prices in the next three months broadly unchanged - the lowest balance since February 2016.

Anna Leach, CBI deputy chief economist, said, "Despite signs of stabilisation in the data this month, UK manufactures remain on the receiving end of a double whammy: the slowdown in the global economy and Brexit uncertainty."

"Trade tensions between nations such as China and the US only exacerbate the demand uncertainty facing UK manufacturers."

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