Demand improves for UK-made goods
November 1st 2010 Demand for UK-made goods
improved in November, compared
with the previous month, according
to CBI figures. However,
manufacturers expect prices to rise
faster in the next three months, and
predict slower growth in
manufacturing output.
The UK's leading business group
said total and export order books
improved relative to October,
although they were still considered to
be 'below normal'.
Ian McCafferty, CBI Chief
Economic Adviser, comments:
"Manufacturing demand improved
in November, following October's
more negative figures for total and
export orders. Demand is now back
in line with that over the summer
months, suggesting that particularly
weak order book readings last month
may have been a one-off.
"Factory output is still set to rise,
albeit with modest expectations for
growth compared with recent
months, as the boost from restocking
starts to fade.
"Inflationary pressures are a
concern, with companies saying they
will be increasingly forced to pass on
at least part of their rising costs in
the form of higher prices."
The CBI Industrial Trends Survey
was conducted between 25 October
and 10 November 2010. More articles from CBI: | 
