UK manufacturing at 30 year high

the CBI`s industrial trends survey has revealed that the UK manufacturing industry has kept order books at a near 30 yesr high thanks to strong demand for motor vehicles and transport equipment. The survey, which includes the views of 371 manufacturers, revealed total order books had a balance of plus 17% with 28% of firms reporting above normal levels.

While firms predict output growth to decelerate over the next quarter, their expectations still had a positive balance of 13%, as 26% belive volumes will rise. Anna Leach, the CBI`s head of economic intelligence, said “while the lower level of sterling supports exporters, cost pressures remain intense. Businessses will expect to see the Governments Industrial Stategy make rapid progress next year to support manufacturing and the wider economy in the UK” – Daily Express- The Independent- The Guardian- The Daily Telegraph