Solid outlook for orders but future cloudy, CBI reports

cogs and springs

The latest industrial trends figures from the CBI show a balance of +5% of UK manufacturers reporting orders to be higher than normal. That is better than the +3% reported for November but is lower than the +12% figure reported a year ago. In December 2013 a balance of +11% of CBI respondents were reporting better than usual export orders, compared to -13% this month. However, the latest figure is better than -17% reported last month and -23% in October. One of the reasons for the dip in export activity has been a changeover in production of key bestselling models by the UK car industry, such as the Mini. About four in five British-built cars are bound for export, with the majority going to the still-subdued eurozone.

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