UK Manufacturing Stabilises in February

Manufacturing performance stabilises, but still muted

The manufacturing sector stabilised somewhat in February, reporting little change on January’s muted performance, according to the CBI Industrial Trends Survey.

The survey of 497 manufacturers found that total order books remained steady after a fall in January, whilst export orders saw a very slight improvement from the previous month. Both now stand at around average levels.

Output volumes were flat over the past three months, a very marginal improvement on the previous quarter. Expectations for production over the coming quarter are again positive, albeit only somewhat above average and a little weaker than last month’s expectations.

Manufacturers expect a small fall in average selling prices in the next three months, with the metals, food & drink and chemicals and mechanical engineering sectors all expecting a drop in prices.

via CBI

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza