Manufacturing orders disappoint but output is up , says CBI survey

cbiGifford300New manufacturing orders fell slightly in the three months to April but output increased and firms are expecting orders to grow in the next quarter, according to the latest CBI quarterly Industrial Trends Survey.

The CBI said the decrease in orders was driven by a fall in domestic demand this quarter, the fastest pace of decline since January 2012, whereas export orders stabilised.

Employment in the sector increased in line with expectations over the three months and manufacturers expect to increase their headcount in the next quarter.

CBI Director of Economics Stephen Gifford (pictured) said the quarter was “a mixed bag for manufacturers”.  He continued: “Firms are expecting to ramp up production in the coming quarter on the back of an expected rise in new orders.

“Although weaker sterling has eased concern about international competitiveness, manufacturers highlight the potentially chilling effect of political and economic instability abroad on export orders, such as the Cyprus crisis.”

This material is protected by copyright Ken Hurst 2012.

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About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
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