Britain’s manufacturers have ended 2017 on a high note, with output surging to meet the strongest order books in almost three decades. The latest snapshot of industry from the CBI found the strong growth recorded in November continued in December but is expected to abate in the early months of 2018. In a survey of 371 manufacturers, 28% said order books were above normal while 11% said they were below normal. The balance of + 17 points was the joint highest on record and well above the long-term average of - 14 points.
The employers’ organisation said order books were particularly buoyant for the motor vehicles and transport equipment, and mechanical engineering sectors.The weak pound was helping to swell export order books, even though they were slightly softer than in November, the CBI said. Output rose for 42% of the firms questioned during late November and early December while 11% said production was lower. The rounded balance of +30 points was above the long-term average of +4 points.
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