British industrial orders fall again amid high price pressures

British manufacturers continue to struggle with weak demand and high costs according to the CBI. Firms face pressure from trade tariffs and energy prices.

The Confederation of British Industry (CBI) announced today that industrial orders in Britain GBGB fell heavily in February, with the monthly order book balance reaching -28. This figure, while slightly higher than the -30 reading recorded in January, remains significantly below the long-run average of -14. The data highlights sustained demand weakness within the UK manufacturing sector, an industry that accounts for approximately 9% of the nation's total economic output.
A worker assembles a new bike frame at the Pashley bicycle factory in Stratford-upon-Avon, Britain, June 30, 2022. REUTERS/Phil Noble
A worker assembles a new bike frame at the Pashley bicycle factory in Stratford-upon-Avon, Britain, June 30, 2022. REUTERS/Phil Noble
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