The CBI’s Quarterly Industrial Trends Survey found that firms’ order book levels dropped between April and July and that export order numbers fell noticeably, with an 8% swing from those saying levels were “more”, “up”, “above normal” or “more than adequate” to those saying “less”, “down below normal” or “less than adequate”.
However, the CBI’s survey also revealed that prices of manufactured goods remained high and that manufacturers, including those in the timber industry, saw investment intentions improve and believed there would be more spent on training and research and development in the future.
