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CBI Industrial Order Expectations

Monday, Feb 20 2017
CBI Industrial Order Expectations

The survey of 471 firms found that total orders reached a two-year high, with the strengthening in demand led by the mechanical engineering and metal products sectors. Export orders remained stable, and above the long-run average. 27% of businesses reported total orders to be above normal and 19% said orders were below normal, giving a balance of +8%, the highest since February 2015 (+10%).

Output growth remained robust in the three months to February and is expected to increase at a faster pace over the coming quarter, with expectations at their highest since September 2013. Firms expect prices to rise strongly over the next three months, with expectations at their firmest since April 2011, as Sterling’s depreciation continues to increase the cost of raw materials.

More in this category: « German PPI up by 0.7% Euro zone consumer confidence falls in February »

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