Will The Fall In The UK’s Exchange Rate Boost Manufacturing? by Lloyds TSB

Despite All The Gloom, UK Manufacturing Output Is Holding Up Remarkably Well

 

Surveys show that firms’ orders are strong and business confidence rising. In this note, we identify three main reasons why this seems to be occurring, concluding that a weaker currency,

 

Surveys show that firms’ orders are strong and business confidence rising. In this note, we identify three main reasons why this seems to be occurring, concluding that a weaker currency, fast growth in the emerging markets and rising productivity in manufacturing may be the main factors behind a surprisingly good performance by the UK manufacturing sector in the last two months.

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