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June 3, 2023
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Manufacturing growth slows, but remains excellent, says CBI Magazine

Manufacturing growth slowed covering the 12 weeks to April, but remained well excellent, in accordance with the latest quarterly CBI Industrial Trends Survey.

The survey greater than 350 manufacturers showed optimism about general business conditions had deteriorated marginally, while domestic orders were largely unchanged. Output growth slowed somewhat, but remained well higher than the long-run average.

In contrast, optimism regarding export prospects for the year ahead continued to raise within an above-average pace, while export orders growth accelerated on the fastest pace in many than Two decades. Meanwhile, inventories of coal rose along at the fastest pace since 1977.

Employment grew in a similar pace towards the last with three months

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