UK March CBI Trends Total Orders Show Marginal Improvement

Friday, 22 March 2024, 11:06

The UK's March CBI trends report indicates a slight decline in total orders compared to the previous month. Manufacturers are planning to raise selling prices significantly due to ongoing disruptions in the Red Sea, which may impact supply chains. This development poses a potential risk for the Bank of England to monitor closely in the coming months.
LivaRava Finance Meta Image
UK March CBI Trends Total Orders Show Marginal Improvement

UK March CBI Trends Report

The latest UK CBI trends report for March reveals a modest decline in total orders from the prior month.

Key Highlights:

  • Manufacturers Plan Price Hikes: Manufacturers are looking to increase selling prices by the most since last May.
  • Supply Chain Disruptions: Ongoing disruptions in the Red Sea are impacting supply chains.
  • The situation is a risk factor for the Bank of England to monitor closely in the future.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe