LONDON, Feb 19 (Reuters) - British industrial orders have fallen heavily again and price pressures remain high, the Confederation of British Industry said on Thursday. The CBI's monthly order book
UK factory orders remain weak, CBI warns as cost pressures bite
CBI Industrial Trends: Orders and Prices
LONDON, Feb 19 (Reuters) - British industrial orders have fallen heavily again and price pressures remain high, the Confederation of British Industry said on Thursday.
Order Book Balance and Long-Run Average
The CBI's monthly order book balance stood at -28 in February compared with -30 in January. The index level remains well below its long-run average of -14.
Manufacturers' Role and Headwinds
Britain's manufacturers - who account for about 9% of British economic output - have had to contend with a surge in energy costs, the fallout from U.S. President Donald Trump's trade tariffs and high interest rates.
Price Expectations and Cost Pressures
The survey's gauge of expected prices stood at +26 having risen to +29 in January, the highest reading since February 2023 when Britain was suffering from an energy price shock following Russia's invasion of Ukraine.
Demand, Confidence and Customers
Cameron Martin, CBI senior economist, said many firms reported their customers were still cautious due to low confidence and the strong cost pressures.
Responses and Sample Size
Survey Scope and Timing
The survey was based on responses from 305 manufacturers received between January 26 and February 12.
Reporting Credits
(Writing by William Schomberg; editing by Suban Abdulla)
