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23 April, 2018

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Manufacturing orders are highest since crisis began

19 September, 2013

A survey of nearly 400 UK manufacturers has shown that growth in the manufacturing sector is continuing to pick up, with orders at their highest level since the start of the financial crisis. The CBI’s latest monthly Industrial Trends Survey reveals that orders rose for the fifth consecutive month, while exports orders also grew strongly.

Output growth for the three months to September rose to its fastest rate since August 2011. And the companies surveyed expect output to rise strongly again over the coming three months.

With demand building across the UK and globally, stocks have fallen to their lowest level since last November. But inflationary pressures remain muted, with average prices expected to remain relatively steady over the coming three months.

“This month’s results show the manufacturing recovery is continuing to gather pace,” says Stephen Gifford, the CBI’s director of economics. “Order books are the fullest they’ve been since the start of the financial crisis, and firms are ramping up production to meet demand.

Gifford: firms are upbeat

“Firms are more upbeat about growth prospects in the coming quarter than at any time since 1995,” he adds.




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