The CBI's monthly Industrial Trends Survey released today reveals that manufacturers’ expectations for output growth are above the long-run average and that pricing pressures are easing after a period of inflation.
In the survey, 510 manufacturers responded to questions about their export and domestic growth, price pressures and anticipations for the coming months. 29% of respondents described total orders as below normal, but 29% said they were above. The rounded balance of +1% show that order books remain above the long-term average of -18%, and is…
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