CBI Industrial Trends: UK firms expect weaker growth over the next quarter

FXStreet (London) - The CBI’s Industrial Trends Survey indicated that UK manufacturing growth remains above average and is broad-based, but sluggish export demand means the recovery has slowed compared to earlier in the year.

36 percent of firms surveyed saw output rise in the past three months, with 22 percent saying it fell, giving a rounded balance of +15 percent.

Expectations among those surveyed by the CBI are for weaker growth in the next three months, with 29 percent predicting a rise in the volume of output and 18 percent a decline, leaving a rounded balance of +12 percent, the lowest in 13 months (when the balance was +9 percent.).