Factory orders at 12-year high

22-03-2007

Factory orders at 12-year high
Industrial demand in Britain has hit its highest level for 12 years, according to the latest survey.

Manufacturers' order books were the fullest they have been since May 1995 during the last month.

The Confederation of British Industry (CBI) revealed that a balance of plus eight per cent of firms reported increased demand for orders between February and March; beating last month's figures which were themselves a 12-year record.

An overall balance of plus 21 per cent of manufacturers are also anticipating price rises, the highest since March 1995, while the balance for consumer goods sector was at its highest for 17 years.

CBI chief economist adviser Ian McCafferty said the figures showed the revival of Britain's industrial sector was "showing no signs of abating yet".

"Better trading conditions mean more firms feel they can pass on price rises. With many - particularly smaller to medium manufacturers - still locked into last year's high-cost energy contracts, the pressure to repair profit margins remains strong," he explained.

"Nevertheless, broader inflationary pressures remain firmly under control and the headline rate of consumer price inflation is forecast to come down rapidly over the coming months, in response to lower utility bills."


Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure