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 British Manufacturers See Solid Growth In Output: CBI

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PostSubject: British Manufacturers See Solid Growth In Output: CBI    Tue Jun 21, 2011 8:08 am

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British Manufacturers See Solid Growth In Output: CBI



U.K. Manufacturers expect Solid Growth in output in the coming quarter after logging healthy order book balance in June, the Confederation of British Industry said Tuesday.




The Industrial Trends survey showed that a balance of plus 13 percent
expects output to grow over the coming three months. But this was down
slightly on very strong expectations seen over the past five months.

Nearly 27 percent of 457 Manufacturers
said total orders as above normal, while 26 percent said they were
below normal. The resulting balance of positive 1 percent was well
above the long-term average of minus 18 percent. Economists had expected
a balance of minus 5.
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That was also better than the previous month's balance of minus 2
percent. The export order books showed a flat reading after declining in
May.

However, price pressures remain a concern, with 31 percent of Manufacturers predicting they will raise output prices over the coming quarter, and 5 percent expecting to lower prices.

U.K. Manufacturers expect Solid Growth in output in the coming quarter after logging healthy order book balance in June, the Confederation of British Industry said Tuesday. (Market News Provided by RTTNews
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