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.
The UK's manufacturing sector saw another surge in demand in July with domestic orders rising at a record pace, the latest CBI Industrial Trends survey showed. Additionally, output grew at the fastest pace on record (since 1975) and "manufacturers expect further record output growth in the coming quarter," Rain Newton-Smith, CBI Chief Economist said Thursday.
"Yet other challenges lie ahead. Acute staff shortages evident across the economy are biting deeply within manufacturing, with skills in short supply and the number of people isolating climbing steeply," Newton-Smith added. Cost pressures are rising as well driven by the ongoing supply chain disruptions and firms remain concerned regarding material shortages and plant capacity.
Total order books dipped to 17 in July, after Jun's reading of 19, while output in the next three months surged to 44, up 11pt, according to the survey published Thursday. Export order books improved to -7, with export optimism shifting to an above-average rate.
Source: Confederation of British Industries
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.