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2026-02-19 19:28:38
[UK Industrial Orders Remain Weak in February, Price Pressures Remain High] ⑴ Data released by the Confederation of British Industry (CBI) on Thursday showed that the industrial orders index for February was -28, slightly higher than January's -30, but still well below the long-term average of -14. This indicates continued weak demand for manufacturing orders in the UK. ⑵ Regarding price pressures, the expected price index for February was +26, a slight decrease from the high of +29 reached in January, the highest level since February 2023, but still at a high level. February 2023 coincides with the energy price shock to the UK following the Russia-Ukraine war. ⑶ The UK manufacturing sector accounts for approximately 9% of UK economic output and is currently facing multiple challenges, including soaring energy costs, the impact of Trump's trade tariffs, and high interest rates. A senior economist at the CBI noted that many businesses reported that customers remained cautious due to a lack of confidence and significant cost pressures. ⑷ The survey was based on responses from 305 manufacturing companies received between January 26 and February 12. The continued weakness in industrial orders and the persistent price pressures add complexity to the Bank of England's future policy path.
