Demand for UK-manufactured goods strengthened in the three months to February, with order books improving, according to the CBI’s latest Industrial Trends Survey.
The survey of 471 firms found that total orders reached a two-year high, with the strengthening in demand led by the mechanical engineering and metal products sectors. Export orders remained stable and above the long-run average.
27% of businesses reported total orders to be above normal and 19% said orders were below normal, giving a balance of +8%, the highest since February 2015 (+10%)
19% of businesses reported export orders to be above normal and 29% below, resulting in a balance of -10%
35% of businesses reported a rise in output volumes, and 20% a fall, giving a rounded balance of +16%
Output growth is expected to grow faster over the next three months, with 43% of companies expecting a rise and 10% expecting a fall, leaving a balance of +33%, the highest since September 2013 (+33%)
We like to think that we are playing our part. Bowe Digital offers a range of IT solutions that can help manufacturing companies streamline their operations to run smartly, efficiently, and grow.
· Call us on 0191 214 1750 or email email@example.com to find out how.
· Bowe Digital – we make I.T. happen
UK manufacturers are more optimistic about their business situation and exporting prospects, while also reporting strong growth in domestic orders, according to the latest quarterly CBI Industrial Trends Survey.
The survey of 461 manufacturers revealed that domestic orders rose at the fastest pace since July 2014 in the three months to January, while export orders continued to grow but below expectations.
The CBI says that growth is expected to continue strongly over the next three months while production is also expected to advance briskly; expectations for output growth are also the highest since July 2014.
We believe that digital technology is playing its part to support this growth by helping to make companies more competitive. Bowe Digital offers a range of IT solutions that can help manufacturing companies to take advantage.
Call us on 0191 214 1750 or email firstname.lastname@example.org to find out how.
Bowe Digital – we make I.T. happen