UK DATA IMPACT: More Brexit Stockpiling Evidence Among UK Mfg

By Shaily Mittal

     LONDON (MNI) - Manufacturing output growth was steady in three months to

May, but weaker than the last year average, the CBI Industrial Trends Survey

published Tuesday shows.

     -- Stocks of finished goods was significantly high, giving further evidence

that manufacturers have been stockpiling, as part of their Brexit contingency

plans.

     -- Orders (total and export) came in below April levels, which were already

weak, but just above long-run average.

     -- Expectations for output price inflation in the next three months at -1

vs +1 in April and +19 in May last year, the lowest level since March 2016.

     -- Manufacturers expect output volumes to be roughly flat in the next three

months. Percentage Balance improved from -2% in April to +3% in May.

--MNI London Bureau; tel: +44 203-586-2224; email: shaily.mittal@mni-indicators.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: M$B$$$,M$E$$$]