Confidence continues to build in manufacturing sector – CBI
22nd May 2013
Manufacturers continue to expect strong output growth in the next three months, according to the CBI’s latest monthly Industrial Trends Survey.
But the survey of 404 firms found that output growth was broadly flat over the three months to May, again disappointing expectations for a more pronounced recovery.
However, the outlook is again much brighter for the next quarter, with output volumes expected to rise strongly – expectations have been elevated for three months. Twelve of the sixteen sectors anticipate a pick-up, with food, drink & tobacco, and mechanical engineering sectors being the key contributors to growth.