BRUSSELS:British manufacturers reported the strongest growth in new orders since 1988, the latest Industrial Trends Survey results from the Confederation of British Industry showed Tuesday.
The order book balance rose to 19 per cent in June from 17 per centin May.
In three months to June, manufacturing output volumes increased at the fastest pace on record.
The balance indicating output volume, surged to 37 per cent from 18per cent in May.
Growth was driven by the motor vehicles and transport equipment andfood, drink and tobacco sub-sectors.
A balance of 33 per cent expects output to continue to grow at afaster pace in the next quarter.
Manufacturers reported that stock adequacy in June worsened to itsweakest on record.
Additionally, output prices were expected to grow rapidly in the nextquarter, with this month's outturn marking the strongest expectationssince 1982.
"However, the picture is not all rosy, with firms continuing to facedifficulties arising from supply chain disruption and costpressures," Tom Crotty, Chair of the CBI Manufacturing Council, said.
Staff shortages are also causing issues for many manufacturingbusinesses across the country. — dpa
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