'Global uncertainty' hits UK factories

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UK factories have seen only meagre signs of a recovery in exports amid “global uncertainty”, according to a survey from firm lobby group CBI.

The three months to January saw new export orders residue “near-flat” – an improvement on the previous quarterly figures which showed a pungent fall.

Optimism about the general business environment remained dissenting at -4%, up from -12% recorded in October.

Manufacturing has lagged the betterment in the rest of the economy since 2013.

Rain Newton-Smith, CBI director of economics, responded: “Uncertainty around the prospects for global growth, uncompetitive vigour costs and the strength of the pound have all played their rt in UK makers finding conditions tough when trying to sell overseas.”

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