CBI Industrial Orders Expectations survey showed balance of +7%

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Friday, Sep 22 2017

CBI Industrial Orders Expectations survey showed balance of +7%

Manufacturing firms reported that output growth eased in the three months to September, while expectations for selling prices remained elevated, according to the CBI’s latest monthly Industrial Trends Survey. 24% of manufacturers reported total order books to be above normal, and 17% said they were below normal, giving a balance of +7% - that is below the +13% recorded in August but well above the long-run average of -14%.

Anna Leach, CBI Head of Economic Intelligence, said: “Manufacturers continue to report solid growth in output, while total order books and export order books are holding firm. Expectations for selling prices were largely in-line with the previous month, but price pressures do appear to have moderated somewhat since earlier in the year.”

More in this category: « German PMI rises to six-and-a-half year high as manufacturing booms USD - Major events in the week ahead »

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