–UK CBI Monthly Trends: Sep total orders -17 vs -14 in Aug
–UK CBI ind. trends: Sep output volume +12 vs +10 in Aug
–UK CBI ind. trends: Sep average prices +15 vs +11 in Aug
–UK CBI ind. trends: Sep export orders -5 vs -1 in Aug
London (MNI) – The CBI’s monthly industrial survey for September
showed total orders slipped lower and prices rose.
The total order book balance fell to -17 from -14 in August with
the export order book declining to -5 from -1. This was accompanied by a
rise in prices with the average prices balance increasing to 15 from 11
in August. The CBI downplayed the deterioration in August saying that
although they ‘worsened slightly in September… the longer-term trend
remains one of improvement in both.
The CBI noted that export orders were still well-above the long-run
average and the fall in export orders in September came from the
intermediate and consumer goods sectors with capital goods orders
rising.
“The outlook for manufacturing activity seems to have held steady
this month,” Ian McCafferty, Chief Economic Adviser at the CBI said.
He added that ‘inflationary pressures appear to have picked up, as
manufacturers anticipate a slightly faster rise in output prices over
the next three months.’
The survey was conducted between August 24 and September 8.
–London bureau: 44 20 7862 7491; email: drobinson@marketnews.com
[TOPICS: M$B$$$,M$BDS$,MT$$$$,MABDS$]
