British manufacturing continues to face low orders and upward price pressure, says CBI

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A recent CBI industrial trends survey reveals that British manufacturing continues to face challenges in February, with orders remaining below average. The survey, which gauges conditions for manufacturing firms, indicates that most companies anticipate raising prices and decreasing output over the next three months. While some business surveys suggest rising optimism, the CBI's findings point to ongoing low confidence and elevated cost pressures impacting customer demand. Although factory output saw a slight improvement compared to January, it still declined overall. The expected price gauge remains high, nearing levels seen during the energy price shock of early 2023. The CBI urges the government to accelerate its planned energy price reduction scheme for manufacturers to alleviate current pressures and boost competitiveness.
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