UK manufacturing output slowed in the three months to June, while total order books and export order books also softened. Output growth is expected to slow further in the quarter ahead, while expectations for domestic price growth fell back to a nine-month low, according to the latest monthly Confederation of British Industry (CBI) Industrial Trends Survey.
The survey, based on the response of 212 manufacturers, found that manufacturing output growth slowed slightly in the three months to June (balance of +25 per cent, from +30 per cent in May). Growth is expected to ease further in the three months ahead, but expectations remain well above their long-run average (+20 per cent; average is +9 per cent).
Total order books were seen as above normal to a lesser extent than last month (+18 per cent from +26 per cent in May), while the volume of export order books fell back to a normal level (+1 per cent from +19 per cent in May).
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