The recent slump in sterling should prompt a significant readjustment of the UK economy away from consumer spending towards exports, according to the EY ITEM Club winter forecast. But while economic growth will be better balanced it is also likely to be slower. The respected economic forecaster says that the impact of sterling in increasing…

The UK manufacturing sector ended 2016 on a positive note with rates of growth for production and new orders in December among the best seen over the past two-and-a-half years. The Markit/CIPS Purchasing Managers’ Index (PMI) rose to a 30-month high of 56.1, up from 53.6 in November and well above its long-run average (51.5). …

The number of small to medium-sized exporters that expect to continue growing their overseas sales has fallen following the EU Referendum, according to the latest Business in Britain report from Lloyds Bank. However, the report shows that overall prospects are still positive and export experiences over the last six months have improved, with the US…

Conditions in the UK manufacturing sector continued to improve at the end of the third quarter, according to the Markit/CIPS Purchasing Managers’ Index (PMI). The domestic market remained a prime driver of new business wins, while the weaker sterling exchange rate drove up new orders from abroad.  At 55.4 in September, up from 53.4 in…

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