July 25, 2022 10:00 GMT
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JUL CBI IND TRENDS ORDER BOOKS +8 (FCST +13); JUN +18
JUL CBI IND TRENDS SELLING PRICES NXT 3 MONTHS +48 (FCST +55); JUN +58
- The July CBI industrial trends survey highlighted a fall in both demand and output growth, as July order books slumped to +8, 5 points below forecast and a 10 point fall from June.
- Growth in manufacturing output weakened to the lowest since post 2021-lockdown levels. Supply constraints (both labour and material) remain acute.
- Signs of easing inflationary pressures continued in July, as the selling price intentions index fell by 10 points, substantially further than the anticipated 3-point reduction. Selling price intentions for the next three months fell for the second consecutive month and was the lowest since September 2021.
- Input costs also cooled in July. Business sentiment saw the third quarter of decline, albeit some recovery seen in investment intentions.
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