Manufacturers Seeking Higher Prices Amid Supply Chain Disruptions

Friday, 22 March 2024, 11:06

The latest CBI trends report for UK orders in March shows a minor decline. However, manufacturers are planning to raise selling prices significantly due to ongoing disruptions in supply chains, with potential implications for the Bank of England. The continuous disruptions in the Red Sea region are causing concerns for the manufacturing sector.
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Manufacturers Seeking Higher Prices Amid Supply Chain Disruptions

UK March CBI Trends Total Orders -18 vs -20 prior

The monthly order book balance shows just a marginal improvement in March. But the standout detail is perhaps that manufacturers are looking to increase selling prices by the most since last May. This owes to continued disruptions in the Red Sea, hurting supply chains. That might be a risk factor for the BOE to watch out for in the months ahead.


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.


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