Mood of UK manufacturers brightens

CBI Industrial Trends Survey reveals things are looking up for the UK manufacturing sector.

By News Desk
19th August 2009 at 12:46

CBI Industrial Trends survey show UK manufacturing looking upIt may not have been an easy month for manufacturers, but their outlook for production over the coming quarter is more positive than it has been since last summer, according to data from the Confederation of British Industry (CBI).

The CBI’s Industrial Trends Survey shows 32% of UK manufacturing firms believe their output will fall over the next three months, while 24% say it will increase.

The resulting balance of opinion is the least negative since June 2008.

As others have pointed out, the signs of optimism are fragile.  A balance of 54% of businesses say their order books are below normal.

In addition, in stark contrast to their German counterparts (an economy which has recently escaped recession), export order book levels also look weak.

Richard Lambert, director-general of the CBI says:

Expectations for manufacturing output over the coming three months are the least negative in over a year. This is partly because many firms have run their stock levels down quite aggressively over the summer, so some manufacturers are now looking to raise production.

Most manufacturers are still expecting to lower prices over the coming months in domestic markets.

[Picture credit: sara~ licenced from Flickr]

Commenting Is Easy

Do you have an opinion on this news item? Have something to add that others might find helpful? Then please leave a comment in the box below.

If you'd like to have your image included next to your comments here, then you can set yourself up with an avatar in just a couple of clicks.

Leave a comment

Related Posts

Photostream

Listen to the sales podcast for SMEs Subscribe to the podcast on iTunes

BUSINESS PODCASTS

Click on one of the play buttons to listen to inspirational interviews with entrepreneurs from SmallBizPod.

SmallBizPod #56 - Asian Entrepreneurship

SmallBizPod #56 - Asian Entrepreneurship

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #86 - interview with Dr Edward de Bono on creative thinking in business

SmallBizPod #86 - interview with Dr Edward de Bono on creative thinking in business

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #52 - market research for startups

SmallBizPod #52 - market research for startups

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #57 - Enthuse, Exceed, Enjoy.  King of Shaves.

SmallBizPod #57 - Enthuse, Exceed, Enjoy. King of Shaves.

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #70 - Jagriti Yatra - a great entrepreneurial journey

SmallBizPod #70 - Jagriti Yatra - a great entrepreneurial journey

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #79 - interview with Doug Richard, serial entrepreneur and former Dragon

SmallBizPod #79 - interview with Doug Richard, serial entrepreneur and former Dragon

PostedDetails | PostediTunes
play small business podcast now

PARTNER PROMOTIONS

If looking to boost your businesses performance with promotional marketing, travel incentives or incentive schemes get it touch with NDL Group