The UK’s total order book balance improved to -9 in September 2026 from -25 in August, the strongest reading since July 2023 and well above market expectations of -34. Export orders also strengthened, remaining below “normal” at -9 but still significantly better than the long-run average of -19.
Output declined only marginally, with the balance rising sharply to -4 from -17. However, manufacturers expect a slight further contraction in output through December, with a balance of -6. Selling-price expectations eased markedly to +12 from +22 in August, moving closer to the long-run average of +8 and indicating some moderation in cost pressures.
Finished-goods inventories were described as only just adequate, with the balance slipping to +2. The CBI said the figures point to a tentative stabilisation in the manufacturing sector but cautioned that elevated energy, labour and supply-chain costs continue to weigh on firms. It added that the upcoming Budget could support investment and growth by lowering business costs and bolstering confidence.
