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March Manufacturing Inflation Seen at Record High: CBI

UK
MNI (London)

UK CBI INDUSTRY TRENDS: MAR TOTAL ORDER +26 VS +20 FEB

MAR AVG PRICES NEXT 3 MONTHS: +80; PREV: +77

MAR INDUSTRY OUTPUT NEXT 3M: +30; PREV +31; PAST 3M: +27; PREV +26

  • Expected manufacturing prices over the next three months rose to a weighted balance of +80% in March from +77% in February, according to the CBI Industrial Trends survey released on Tuesday. That’s the highest in a series dating back to 1975.
  • Order books were also strong, rising to a level of +26% from +20% in February. Exports orders increased to +7% — highest since March of 2019 — from -7% a month earlier.
  • Stocks of finished goods were “inadequate” in March, but shortages improved over February, with the balance rising to -8% to -14%.

Source: CBI

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