Small firms see orders and output continue to fall, but expect improvement in next quarter - CBI survey
Small and medium-sized manufacturers (SMEs) saw domestic and export orders continue to fall in the three months to January, while production also contracted for the third consecutive quarter. However, both domestic orders and output are expected to increase in the coming three months.
The CBI’s latest quarterly SME Trends Survey, which had 347 respondents, showed that total new orders fell slightly (-5%), for the second quarter running. This was driven by falls in both domestic orders (-6%) and export orders (-9%), although both declined at a slower pace than the previous quarter (domestic orders by -11%, and exports orders by -21%).
See the press release here
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