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UK CBI Industrial Trends: Prices Increase is Fastest in 47 Years

UK DATA
MNI (London)

UK CBI INDUSTRY TRENDS: APR TOTAL ORDER +14 VS +26 MAR

UK CBI APR INDUSTRY OUTPUT NEXT 3M: +17; PREV +30

UK CBI APR INDUSTRY OUTPUT PAST 3M: +19; PREV +27

UK CBI APR AVG PRICES NEXT 3 MONTHS: +71; PREV: +80

  • Costs accelerated the fastest in 47 years in the three months to April, due to raw materials and energy prices. Average prices increased the fastest in 44 years.
  • Manufacturing output slowed, but remains strong, with growth boosted by the automotive industry.
  • Sentiment dropped and investment intentions fell.
  • Business sentiment and export optimism saw the sharpest falls since the onset of the pandemic in April 2020, due to acute inflationary risks and raw material shortages.
  • Employment improved and is projected to improve further in the next quarter, however, many manufacturers see skilled labour shortages likely to limit output in Q2.

Source: CBI

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