{"id":123705,"date":"2019-06-20T00:50:40","date_gmt":"2019-06-20T00:50:40","guid":{"rendered":"https:\/\/www.bnreport.com\/cbi-uk-manufacturing-growth-nears-three-year-low\/"},"modified":"2019-06-20T00:50:40","modified_gmt":"2019-06-20T00:50:40","slug":"cbi-uk-manufacturing-growth-nears-three-year-low","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/cbi-uk-manufacturing-growth-nears-three-year-low\/","title":{"rendered":"CBI: UK manufacturing growth nears three-year low"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.cityam.com\/wp-content\/uploads\/2019\/06\/Car-manufacturing-industry-960x720.jpg\" \/><br \/>A steep fall in car production saw UK manufacturing growth fall to its weakest level in nearly three years in the three months to June, new data has revealed.<\/p>\n<p>Car manufacturers 83 per cent plunge was its worst quarterly drop since the height of the financial crisis over the quarter, the Confederation of British Industry (CBI) Industrial Trends Survey found.<\/p>\n<p><strong>Read more: <\/strong><a href=\"https:\/\/www.cityam.com\/cbi-calls-tory-leadership-contenders-drop-no-deal-brexit\/\" rel=\"noreferrer noopener\" target=\"_blank\">CBI calls on Tory leadership contenders to drop no-deal Brexit threat<\/a><\/p>\n<p>That contributed to flat manufacturing output in the three months to June, marking the UKs slowest production rate since April 2016.<\/p>\n<p>Car manufacturers decision to close their plants in anticipation of a no-deal Brexit in March <a href=\"https:\/\/www.cityam.com\/no-deal-brexit-factory-shutdowns-slash-uk-car-production-45\/\" rel=\"noreferrer noopener\" target=\"_blank\">sent vehicle production down by 45 per cent in April<\/a>.<\/p>\n<p>\u201cThe bringing forward of planned closures to car manufacturing plants had a real impact and led to manufacturing output grinding to a halt,\u201d said Alpesh Paleja, CBIs principal economist.<\/p>\n<p>\u201cWhile the picture elsewhere in the sector was more benign, total orders weakened once again revealing some underlying causes for concern.\u201d<\/p>\n<p>\u201cTheres clear evidence that Brexit uncertainty is really biting, with our surveys showing volatility in both stocks and output in recent months.<\/p>\n<p>\u201cFirms are desperate to see an end to the current impasse \u2013 that means securing a Brexit deal that can not only command the support of parliament and the EU, but prioritises the protection of jobs and the economy,\u201d he added.<\/p>\n<p>However, the CBI expects output to improve from a one per cent drop in May to rise by four per cent over the next three months.<\/p>\n<p><strong>Read more:<\/strong> <a href=\"https:\/\/www.cityam.com\/london-housing-market-re&lt;\/br&gt;&lt;a href=https:\/\/www.cityam.com\/cbi-uk-manufacturing-growth-nears-three-year-low\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=cbi-uk-manufacturing-growth-nears-three-year-low&gt;&lt;strong&gt;Read More \u2013 Source&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;_[contf]_[contfnew]_        &lt;img src=\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n<h5><a href=\"http:\/\/www.cityam.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">CityAM<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A steep fall in car production saw UK manufacturing growth fall to its weakest level in nearly three..<\/p>\n","protected":false},"author":1,"featured_media":123706,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-123705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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