10 April 2012
A recovery in orders at home and abroad put manufacturers on the right track in February, the CBI said today.
Its latest industrial trends survey showed UK firms keeping up the encouraging momentum seen so far this year, with order books well above long-run averages. A 15% balance of firms expect to boost production levels over the next three months.
Chief economic adviser Ian McCafferty said: "The improvement in manufacturing conditions seen in January has been sustained this month. Both domestic and overseas demand have strengthened, underpinning solid expectations for output growth, which is encouraging news, given the particularly difficult period for business in the final quarter of 2011."
