The strength of the pound is hampering Britain's manufacturing sector
The CBI's industrial order book balance fell to -10 this month, its lowest since July 2013, from -7 in July, although it remained above the average. Future confidence for exports was dented by the strong sterling, with
But confidence for exports over the next three months was
"Manufacturers are continuing to feel the pressure from the stronger pound," Katja Hall, CBI Deputy Director-General, said.
"Greater buoyancy in exports remains a missing element from the UK’s recovery. Nevertheless we’re encouraged by the Government’s commitment to take steps to address this as part of its recently announced productivity plan."
Official figures out tomorrow – in the second quarter of this year.