A survey from trade body Make UK and accountants BDO showed on Thursday, the UK manufacturing sector is in a poor state, as orders and investment dry up due to the global slowdown and the Brexit crisis, per Reuters. Make UK and BDO surveyed 292 companies between July 31 and Aug. 21. Make UK chief economist Seamus Nevin and BDO head of manufacturing Tom Lawton said in a joint statement: “On current trends the economy, and the manufacturing sector in particular, looks headed toward a very challenging winter.” The Make UK/BDO report showed investment intentions turned negative for the first time in three years. It read: “Ominously, companies are cutting back on investment in transport equipment, factory machinery, and IT, just at the point in the economic cycle when spending would normally increase.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD retraces ahead of Brexit debate in the House of Lords FX Street 4 years A survey from trade body Make UK and accountants BDO showed on Thursday, the UK manufacturing sector is in a poor state, as orders and investment dry up due to the global slowdown and the Brexit crisis, per Reuters. Make UK and BDO surveyed 292 companies between July 31 and Aug. 21. Make UK chief economist Seamus Nevin and BDO head of manufacturing Tom Lawton said in a joint statement: "On current trends the economy, and the manufacturing sector in particular, looks headed toward a very challenging winter." The Make UK/BDO report showed investment intentions turned negative for the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
