BREAKING NEWS

EEF survey: UK factory output weakest since late 2009

LONDON - British manufacturers reported stagnant output over the past quarter, the weakest reading since late 2009 when the country was recovering from its deepest recession in more than 50 years, a survey by the sector's lobby EEF showed on Monday.
Boding ill for the coming months, orders hardly grew, with the relevant balance of responses falling to the lowest level since early 2010.
Demand at home remained weak, while a protracted debt crisis in the euro zone led to the first fall in export orders since the end of 2009, EEF said.
"There is little positive news in these figures," said EEF chief executive Terry Scuoler.
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