UK factory price expectations fall to lowest since March 2021

A gauge of British manufacturers’ inflation expectations fell to its lowest in two years after output slid again in the three months to March, the Confederation of British Industry’s (CBI)said on Wednesday.

The CBI’s gauge of expected selling prices fell to +25 in March, the lowest since March 2021 and down from +40 in February but still strong in historical terms.

The net balance for manufacturing order books fell to -20 from -16, the weakest reading since February 2021. A Reuters poll of economists had forecast a reading of -15.