Market News
UK manufacturers hit by weak export orders in April, CBI survey shows - REUTERS
LONDON, April 24 (Reuters) - 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 Thursday.
The CBI'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 Wednesday also showed a severe drop in business from abroad, with tariffs levied by the United States a key factor.