Manufacturing output in UK stable in latest quarterStaff writer ▼ | April 26, 2016
The manufacturing sector's output was stable in the three months to April, according to the CBI's quarterly Industrial Trends Survey.
Britain Total new orders fell at 25% of the 472 manufacturers
CBI said the balance of total new orders reflected a drop in export orders to a balance of -7% from -2% and a slight rise in the balance for new domestic orders to -2% from -3%.
The number of people employed rose to a balance of +5 in the latest quarter from +3 in the three months to January.
Average unit costs increased at the fastest pace in two years to a balance of +8% compared to the previous quarter's -6%. CBI said firms found it difficult to pass on increased costs as domestic and export prices continued to fall.
Optimism among manufacturing businesses decreased slightly to a balance of -5% from -4% the previous quarter, with 14% of firms saying they were more confident during the period and 19% saying there were less positive.
Looking ahead to the next quarter, 27% of manufacturers expect total new orders to increase and 13% expect them to fall, meaning the balance jumped to +14% in the quarter to April from +8% in the quarter to January.
The number of firms citing political and economic conditions abroad as a constraint on export orders in the coming three months climbed to +31% from +25% in the last quarter. ■