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MNI is the leading provider
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UK manufacturing orders jumped to their highest-ever level in a series dating back to 1977, according to data released by the CBI on Tuesday, while total order books increased to +22% from +18% in August. However, output growth slowed for the second-straight period, declining to +16% in the third quarter from +22% in the three months to August. But that remains well above the long-run average of +3%.
"Today's survey highlights how amidst a variety of supply challenges, companies are beginning to struggle to meet high demand," said Anna Leach, CBI deputy chief economist.
Stock adequacy improved to -11% in September from -14% in August, but remains markedly weaker than the long-run average of +12%. Expectations for output price growth over the next three months decreased to +41% to +43%, but remain well above the long-run average of +3%.
Source: CBI
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.