UK factories suffer bigger drop in orders during June, CBI says
Published by Global Banking and Finance Review
Posted on June 24, 2025
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on June 24, 2025
MANCHESTER, England (Reuters) -British manufacturers this month reported the sharpest contraction in orders since January and expectations for selling prices cooled, the Confederation of British Industry said on Tuesday.
The CBI's monthly balance for manufacturing new orders fell in June to -33 from -30 in May.
The CBI's gauge of output for the past three months improved but remained rooted in contraction territory.
"The UK's manufacturing sector is under significant pressure, contending with high energy costs, rising labour costs, pervasive skills shortages, and a volatile global economic environment," said Ben Jones, lead economist at the CBI.
The survey's gauge of export orders rose to its highest level since August last year, meaning the worsening picture for orders overall reflected worsening domestic demand.
Expectations for rising prices among manufacturers fell to their lowest level in net terms since February, the CBI said.
(Reporting by Andy BruceEditing by William Schomberg)