–UK CBI Monthly trends: Jan Total orders -16% vs -3% in Dec
–UK CBI Ind. Trends: Jan Output Volume +17% vs +13% in Dec
–UK CBI Ind. Trends: Jan Average Prices +31% vs +16% in Dec
–UK CBI Ind. Trends: Jan Export Orders 0% vs +4% in Dec
–UK CBI Trends: Jan Qtrly Business Optimism +7% vs +2% Oct
–UK CBI Jan Qtrly Volume of Expected Output +17% vs +18% Oct
–UK CBI Jan Qtr Expected Domestic Prices Next 3m +31% vs +6% Oct
London (MNI) – The UK’s industrial sector recovery has continued
but price pressures have intensified, according the latest CBI monthly
and quarterly surveys.
The January monthly survey showed output volumes rose to a net 17%
from 13% in December, but average prices rose to a net 31% from
December’s 16%, hitting their highest level since August 2008. The
quarterly survey also showed a surge in expected prices, with the
balance rising to 31% from 6% in the previous quarterly survey in
October.
Jobs continued to improve, with the quarterly employment balance
for the past three months showing a net 8% of respondents said staff
numbers were up, the highest outturn since January 1989.
Ian McCafferty, the CBI chief economic adviser, said “The recovery
in the manufacturing sector is firmly in place and looks set to
continue. Production has been boosted this quarter by a strengthening in
domestic and overseas demand and, over the next three months, companies
expect further growth driven by another rise in export orders.”
“But manufacturers have come under intense pressure to pass on
rising costs; they have increased prices markedly in this quarter and
expect to raise them at an even faster pace over the next three months.
This will drive further inflationary pressure in the wider economy,” he
added.
–London bureau: 44 20 7862 7491; email: drobinson@marketnews.com
[TOPICS: M$B$$$,M$BDS$,MT$$$$,MABDS$]
