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- UK manufacturers order books climbed to the highest level since August 1988 - CBI
UK manufacturers order books climbed to the highest level since August 1988 - CBI
The survey of 464 manufacturers found that total order books climbed to the highest level since August 1988. This was underpinned by a broad-based improvement in 13 of the 17 sub-sectors, led by the food, drink & tobacco and chemicals sectors. Export orders also improved to a 22-year high, hitting similar peaks to those seen in 2011 and 2013.
Output growth eased to the levels seen at the start of the year, on the back of slowdowns in the chemicals and mechanical engineering sectors, but remained robust historically. Firms expect a firm rise in production over the coming quarter.
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