UK manufacturers expect output growth to slow
The total order book balance came in at 10%, above its negative long-run average of -14%. The export order book balance also stood at 10%.
Manufacturers expect output growth to slow in the coming quarter, with 32% forecasting volumes to increase, and 16% expecting a decline, giving a balance of +16%.
Further, a balance of 25% expect average selling prices to increase in the coming three months.
This month saw another strong showing from UK manufacturers, Anna Leach, CBI Head of Economic Intelligence, said. "Although order books weren't quite as buoyant as they were last month, demand remains strong and output grew briskly." ■