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Firms confident over output growth
UK manufacturers expect production to increase in the next quarter and demand to hold up well this month, according to the Confederation of British Industry's latest monthly Industrial Trends Survey.
According to the latest CBI survey 20% of manufacturers said that total orders were above normal and 37% said they were below. The resulting balance of -17% is down slightly on last month (-14%).
However, the figure is broadly in line with the survey's long-run average (-18%), and is consistent with the trend of improving demand seen over the past year.
Firms' position on export orders weakened slightly in September, with 23% of companies saying they were above normal and 27% below normal. The resulting rounded balance of -5% is down a little on -1% in August, but this figure is well above the long-run average and overseas demand is still considered to be much better than at the start of the year.
"The outlook for manufacturing activity seems to have held steady this month. Demand is still considered to be better than it was in the first half of the year, export order books are holding up reasonably well and expectations for production growth in the coming quarter remain solid," said Ian McCafferty, CBI chief economic adviser.
Post Date: September 16th, 2010
According to the latest CBI survey 20% of manufacturers said that total orders were above normal and 37% said they were below. The resulting balance of -17% is down slightly on last month (-14%).
However, the figure is broadly in line with the survey's long-run average (-18%), and is consistent with the trend of improving demand seen over the past year.
Firms' position on export orders weakened slightly in September, with 23% of companies saying they were above normal and 27% below normal. The resulting rounded balance of -5% is down a little on -1% in August, but this figure is well above the long-run average and overseas demand is still considered to be much better than at the start of the year.
"The outlook for manufacturing activity seems to have held steady this month. Demand is still considered to be better than it was in the first half of the year, export order books are holding up reasonably well and expectations for production growth in the coming quarter remain solid," said Ian McCafferty, CBI chief economic adviser.
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Post Date: September 16th, 2010
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