CBI Manufacturing Orders survey showed balance of +13%

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Tuesday, Jan 23 2018

CBI Manufacturing Orders survey showed balance of +13%

According to the latest CBI survey 27% of firms said they were more optimistic about the general business situation than three months ago and 14% were less optimistic, giving a balance of +13% (up from -11% in the three months to October). Optimism about export prospects for the year ahead also improved (+15%) at a quicker pace than the previous quarter (+7%). Rain Newton-Smith, CBI Chief Economist, said: “It’s good to see manufacturing going from strength-to-strength with growth up and the buoyant global economy boosting export orders.''

''But the past depreciation in Sterling continues to leave its mark on firms’ costs and margins. With expectations for factory gate price inflation at their highest in 30 years, the pressure on consumer prices looks set to persist.Capacity pressures are ramping up and skill shortages are a big concern, underlining the importance of establishing a future immigration system that provides companies with access to talent and labour. The building blocks of a new system that meets economic needs and public concerns must start with scrapping the net migration target, which has never been fit-for-purpose.”

More in this category: « ZEW Economic Sentiment climbed in January French Manufacturing PMI declined in January »

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