CBI Reports growth in new orders but says exports will decrease
British manufacturers experienced continued new order growth in the three months to January but companies now expect export orders to fall in the coming quarter, according to the latest research.
The CBI Quarterly Industrial Trends Survey of 467 companies reports that the rise in the volume of total new orders during the period was led by strong demand at home and very modest growth in export orders.
Manufacturing output rose at a similar pace to the previous quarter and it was notable that costs and prices fell, with unit costs edging down for the first time in more than 12 years.
Workforces in the sector also continued to grow “at a solid pace”.
