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UK manufacturing orders rebound, moderate output growth expected
Manufacturers reported a rebound in orders and continue to expect moderate growth in output over the next three months, according to the CBI Monthly Industrial Trends Survey for February. Of the 436 manufacturers, 15% responded that total order books were above normal and 29% said they were below, giving a balance of -14%. This represents an increase of 6 points from the January survey and is a little above the long-run average (-17%). Export order books also improved somewhat, registering a balance of -20% in line with the long-run average (-21%), but remained well below December levels (-11%). Looking ahead, ... (full story)
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