22 June 2018
According to the CBI Industrial Trends Survey for the three months to June, 29% of firms, on balance, reported an increase in output volumes, up from 3% recorded in the three months to May, marking the fastest rate since December 2017. The CBI reported that growth was broad-based, with output increasing in 14 out of 17 sub-sectors, led predominately by food, drink and tobacco and mechanical engineering. Moreover, the latest survey revealed that new orders recovered to levels recorded at the end of 2017, whilst output price inflation eased to the weakest in almost a year. Looking to the next three months, a balance of 18% of firms expects output volumes to grow.
Written by: Lorna Williams