UK manufacturing on the up, says CBI survey
By PRW Staff
Posted 22 June 2012
UK manufacturers’ expectations for output growth have improved, while firms’ order books showed signs of recovery in June, according to the CBI’s latest monthly Industrial Trends Survey.
Of the 459 manufacturers responding to the business organisation's survey, 27% expect to increase their output volume over the course of the next three months, while 19% expect it to fall.
The resulting +7% rounded balance marks an improvement on the negative figure recorded in May (-3%), though still below those seen in the early months of the year.
Ian McCafferty, CBI chief economic adviser, said: “Despite facing continued instability within the eurozone, UK manufacturers have seen a modest rebound in orders from both their domestic and export markets.
"As a result, firms are expecting output to pick up over the next quarter, although the pace of growth is still expected to be somewhat lower than earlier in the year,” he added.
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