British manufacturing output increased at its fastest rate since the mid-1990s over the past three months, despite orders slowing in July, an industry survey showed on Tuesday.
The Confederation of British Industry’s quarterly balance for manufacturing rose to +31 in the three months to July, the highest reading since January 1995 and up from +22 in the three months to April.
In July alone, however, new orders slowed slightly more than expected, with the CBI’s monthly balance slipping to +10 from +16 in June.
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