UK manufacturers see orders rise after no-deal Brexit avoided-CBI

LONDON, Nov 19 (Reuters) - British manufacturers saw a
pick-up in orders in November albeit from near decade-low
levels, helped by the avoidance of a no-deal Brexit at the end
of October, a survey by the Confederation of British Industry
showed on Tuesday.
The CBI's monthly orders balance rose to -26 from -37 in
October, their highest level since August and stronger than a
median forecast of -31 in a Reuters poll of economists.
October's level of orders was the weakest in nine years.
"While the thick fog of uncertainty from a no-deal Brexit
has lifted somewhat, the manufacturing sector remains under
pressure from weak global trade and a subdued domestic economy,"
Anna Leach, the CBI's deputy chief economist, said.
"It's clear that the outlook for the sector remains
precarious."
Export orders picked up after touching their lowest level
since the financial crisis of 2008.
Manufacturers expected output to be flat over the next three
months, the CBI said.
The European Union has set a new Brexit deadline of Jan. 31
and Prime Minister Boris Johnson has called an election for Dec.
12 in a bid to break the impasse in parliament over the divorce
deal he negotiated with Brussels.

(Reporting by William Schomberg, editing by David Milliken)