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Manufacturing output stabilises but orders remain subdued – CBI Industrial Trends Survey
Manufacturers reported that output volumes were stable during the final three months of the year - the first time output hasn’t fallen since the quarter to July 2023, according to the CBI’s latest Industrial Trends Survey (ITS). Manufacturers expect output to rise marginally in the first three months of 2024. Both total and export order books were reported as below normal in December, though they improved relative to the near-three year lows reached last month. Against a backdrop of subdued demand and improved supply conditions, expectations for future selling price inflation have fallen sharply over the course ... (full story)