UK manufacturing has just enjoyed its best month since last March, said the CBI yesterday. The CBI industrial trends survey found that 18 per cent of manufacturers reported their order books as above normal and 36 per cent below – a balance of minus 18 per cent. This is up from minus 28 per cent in January and following an average of minus 26 over the past six months.
Ian McCafferty, CBI Chief Economic Adviser, said:
“With energy costs up sharply in recent months, and some disappointing developments in the global economy, there is no doubt that UK manufacturers still face a challenging business environment.
“Nevertheless, this survey provides some encouraging news. Demand conditions facing the sector are the best for nearly a year. And if respondentsâ€™ expectations are realised, the decline in output through 2005 may finally be coming to an end.”
© Investment & Business News 2013