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CBI Industrial Trends Survey Sees No Letting-Up in Prices

UK DATA
MNI (London)

UK OCT CBI INDUSTRIAL ORDER BOOKS -4 (FCST -12); SEP -2

UK OCT CBI INDUSTRIAL SELLING PRICES (NXT 3 MONTHS) +46; SEP +59

  • The CBI industrial trends survey highlighted falling output and new orders in Q3 and a sharp decline in sentiment as recessionary fears mount. The survey maintains weak outlooks for the UK manufacturing industry as global demand slows.
  • Price pressures remain acute and continue to accelerate at levels close to those seen in Q1 and Q2. Inflationary pressures are largely expected to hold this pace into Q4. This is less optimistic than the flash PMI findings which prices to be easing.
  • Employment growth remained robust, however concerns regarding skilled labour shortages were the greatest in 50 years and could impede production levels.

Source: CBI

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