Manufacturing firms reported that both their total and export order books had strengthened to multi-decade highs in June, according to the CBI’s latest Industrial Trends Survey.
Export orders also improved to a 22-year high
Output growth eased to the levels seen at the start of the year
Pricing pressures remain strong, with manufacturers continuing to expect a sharp rise in average selling prices
Average selling prices are still expected to rise in line with the level seen in May (+23%), having eased from their peak in February (+32%)