Web links for 27th January 2012
In January, domestic and export orders and deliveries were down on the previous month. Optimisim about the business situation and export prospects still very low and investment intentions for buildings and plant/machinery are negative (but positive for product and process innovation and training and retraining.)
By far the biggest factor likely to limit capital expenditure authorisation is “uncertainty about demand”, quoted by 61% of respondents.
But manufacturers do expect an improvement in output and export orders and CBI says there is some reason for being a little more optimistic, especially in the light of improving US performance.
The CBI's monthly survey finds shoppers cutting their spending after Christmas and sales falling. 44% of retailers reported sales volumes falling from a year ago and 22% saw them increase. The net balance of -22% was the lowest since March 2009.