Manufacturers Seeking Higher Prices Amid Supply Chain Disruptions
Friday, 22 March 2024, 11:06
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.