Man­u­fac­tur­ing de­mand weak­ens

The Peterborough Evening Telegraph - - Etbusiness Daily -

OVER­ALL de­mand for UK man­u­fac­tured goods weak­ened a lit­tle in June, af­ter a sig­nif­i­cant im­prove­ment in May, but to­tal or­der book lev­els are still close to their long-term av­er­age. In the lat­est CBI monthly In­dus­trial Trends Sur­vey, 19 per cent of man­u­fac­tur­ers said that to­tal or­ders were above nor­mal, while 42 per cent said they were be­low. The re­sult­ing bal­ance of -23 per cent is down slightly on the fig­ure in May (-18 per cent), but does not re­verse the im­prov­ing trend of re­cent months, and the bal­ance is still quite close to the long-term av­er­age (-18 per cent). Ex­port or­der books were also a lit­tle weaker com­pared with last month. Nev­er­the­less, the bal­ance of -2 per cent shows that ex­port or­ders are still con­sid­ered to be broadly nor­mal. Man­u­fac­tur­ers still ex­pect to raise out­put firmly dur­ing the next three months, with a net 15 per cent ex­pect­ing pro­duc­tion to rise. This is broadly un­changed on May’s bal­ance of +17 per cent, and is well above the long-term av­er­age of +5 per cent.

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