POST Online Media Lite Edition



 

UK manufacturers expect output growth to ease

Staff Writer |
British manufacturers expect output growth to ease over the next three months, according to the Industrial Trends Survey from the Confederation of British Industry.

Article continues below




The total order book balance came in at 4% in March, above its negative long-run average of -14%. The export order book balance came in at 10.0%.

Manufacturers expect output growth to slow in the coming quarter, with 34% forecasting volumes to increase, and 21% expecting a decline, giving a balance of +13%.

Further, a balance of 24% expect average selling prices to increase in the coming three months.

"Robust global growth and the low pound have gifted UK manufacturers a strong first quarter in 2018," Anna Leach, CBI Head of Economic Intelligence, said.

"Although total order books and output growth slipped relative to February, demand and output growth remain well ahead of long-run averages."


What to read next

Output growth in Germany accelerates for first time in 2016
Germany Manufacturing PMI hits 28-month high
Firms forecast growth of new business, output and employment in Brazil