“Nevertheless, with cost pressures remaining elevated it’s no surprise to see that manufacturers continue to have high expectations for the prices they plan to charge. To build the right future for Britain’s economy, manufacturers and workers, the Government must put the economy first as it negotiates the country’s departure from the EU. This approach will deliver a deal that supports growth and raises living standards across the UK.”
CBI Industrial Orders Expectations survey showed balance of +16%
According to the latest CBI survey, 27% of manufacturers reported total order books to be above normal, and 12% said they were below normal, giving a rounded balance of +16%. This was the highest level seen in nearly three decades, since August 1988 (+17%). Rain Newton-Smith, CBI Chief Economist, said: “Britain’s manufacturers are continuing to see demand for “Made in Britain” goods rise with the temperature. Total and export order books are at highs not seen for decades, and output growth remains robust.’’
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