UK manufacturing order books up and export strong

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CBI Industry Trends Survey
Manufacturing order books recovered over the last three months
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The latest monthly CBI Industrial Trends Survey shows that manufacturing order books recovered and the volume of output increased strongly in the three months to June.

The survey of 388 manufacturers found that output grew in 14 out of 17 sub-sectors, with growth mostly driven by Food, Drink and Tobacco and Mechanical Engineering.

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It said respondents expected growth to slow slightly over the next three months. Export orders remained stable and well above average, in line with the past 16 months;  expectations for output price inflation softened to the weakest in almost a year; and stocks levels moved back below the long-run average.

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