Business News Round Up (02/08/19)

‘Suffocating’ UK factories report biggest fall in output in seven years – PMI

Manufacturing in the UK is ‘suffocating’ as output fell to a seven year low, with companies scaling back output in a response to a drop in orders amid concerns over a no-deal Brexit, according to the latest Purchasing Managers’ Index (PMI).

https://uk.reuters.com/article/uk-britain-economy-pmi/suffocating-uk-factories-report-biggest-fall-in-output-in-seven-years-pmi-idUKKCN1UR3YF

Businesses in Scotland more downbeat about Brexit

Business confidence and confidence in business prospects in Scotland fell by 17 points to 0% and 26 points to 6% respectively in July, with political and economic uncertainty being cited as a key reason for this.

https://www.insider.co.uk/news/businesses-scotland-more-downbeat-brexit-18812742

Icon Industrial reveals plans for industrial development at Manchester airport

Icon Industrial has submitted a planning application for a new industrial unit and accompanying office at the rapidly growing global logistics area of Manchester airport.

https://developmentfinancetoday.co.uk/article-desc-7412_Icon%20Industrial%20reveals%20plans%20for%20industrial%20development%20at%20Manchester%20airport

Business confidence falls across region

Business confidence in the North West fell 17 points to 3%, confidence in business prospects fell 22 points to 3% and companies’ optimism in the economy fell 12 points to 2% in July, according to the latest Business Barometer from Lloyds Bank Commercial Banking.

http://www.thebusinessdesk.com/northwest/news/2046037-business-confidence-falls-across-region