The Engineer

CBI announces boom in manufacturing output

News

The manufacturing sector saw output rise at the fastest rate in 15 years in the three months to July, as demand for UK-made goods continued to strengthen and firms rebuilt their stocks, the CBI said today.

But the UK business group said that the pace of manufacturing growth is expected to be slower in the coming quarter.

Of the 439 manufacturers that responded to the CBI’s Quarterly Industrial Trends Survey, 38 per cent said output rose during the last quarter, while 15 per cent said it fell. The increase of 24 per cent is the fastest growth since April 1995, which saw an increase of 26 per cent, and a marked improvement on the previous quarter’s flat performance, up just one per cent.

A strong rise in home-grown orders helped boost output. 29 per cent of firms said the volume of domestic orders rose and 19 per cent said they fell, giving an increase of 10 per cent − the strongest since April 2004, which saw an increase of 12 per cent. Overseas demand was buoyant, with 28 per cent of firms reporting a rise in export order volumes and 11 per cent a decline.

Register now to continue reading

Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.  

Benefits of registering

  • In-depth insights and coverage of key emerging trends

  • Unrestricted access to special reports throughout the year

  • Daily technology news delivered straight to your inbox

Register
Or continue by

Signing in with your registered email address