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CBI Report Sees Manufacturing Output Growth at 10-Month High

UK DATA
MNI (London)

UK CBI INDUSTRY TRENDS: MAY TOTAL ORDER +26 (FCST +12) VS +14 APR

UK CBI MAY AVG PRICES NEXT 3 MONTHS: +75 (FCST +70); PREV: +71

UK CBI MAY INDUSTRY OUTPUT NEXT 3M: +23; PREV +17

UK CBI MAY INDUSTRY OUTPUT PAST 3M: +30; PREV +19

  • Total orders came in above the forecast for May, reaching +26 and bringing demand back in line with the strong March survey. Manufacturing output accelerated by the fastest pace in ten months.
  • Expected price growth ticked up a further four points to remain close to all-time highs as firms brace for worsening inflationary pressures leading to passing on higher output charges.
  • A substantial fall in stock adequacy in May was seen, with 26% of manufacturers experiencing inadequate levels. Falling sentiment continues to dampen upcoming investment outlooks.

Source: CBI

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