Manufacturing firms reported that output growth eased in the three months to September, while expectations for selling prices remained elevated, according to the CBI's latest monthly Industrial Trends Survey.
The survey of 429 manufacturers found that while output growth slowed last quarter, largely driven by the food and drink sector, the rate of growth remained well above the long-run average. Respondents expect output growth to bounce back next quarter, broadly matching the robust pace seen in the three months to July and August.