Brighter expectations for the coming quarter, suggests CBI

摘要

The manufacturing recovery continues in the UK, but the CBI sees a picture where exports are beginning to weigh on future growth. The recovery in British manufacturing continued in the three months to April, but the pace of growth eased and export orders growth remained sluggish, according to the latest CBI Quarterly Industrial Trends Survey. The survey of 468 firms reported an easing of growth in total new orders, as expected from January's quarterly survey, but this still remained well above average. Domestic orders rose modestly, whilst exports growth remained unexpectedly sluggish. Meanwhile output growth fell to its lowest since January 2013, but above the long-run average.