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Expected manufacturing prices over the next three months rose to a weighted balance of +80% in March, up 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
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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