The survey of 445 firms reported slower growth in total new orders in the quarter to July, though it remained above average. Growth in total new orders, output and numbers employed are projected to remain firm over the next quarter.
The volume of new export orders rose slightly, but the outlook for the next quarter is gloomier. Survey respondents continue to report sharp falls in competitiveness in the EU, likely linked to Sterling rises earlier in the year. Political and economic conditions abroad were also seen as a constraint on orders by a significant number of firms.
Investment intentions remain broadly similar to the last quarter, staying above their long term averages, with plans for spending on building and plant and machinery improving slightly.
Katja Hall (pictured), CBI deputy director-general, said: "Manufacturers are continuing to feel the pressure from the stronger pound. Greater buoyancy in exports remains a missing element from the UK's recovery. Nevertheless we're encouraged by the Government's commitment to take steps to address this as part of its recently announced productivity plan."
She added: "The EU remains our largest trading partner, so while the UK economy's direct exposure to Greece is minimal, we must encourage all leaders to act decisively to preserve growth and stability throughout the Eurozone.
"Despite Sterling pressures and the challenging global backdrop, investment intentions remain above average, particularly in innovation and training."
A third (33%) of businesses reported an increase in total new order books, and 24% a decrease, giving a balance of +9%, above the long-run average (-1%).
The balance for domestic orders (+12%) was also well above the long-run average (-5%) and the same as the previous quarter. The balance for export orders (+6%) was broadly unchanged from that in the previous two quarterly surveys (both +4%), but is above the historical average (-7%).
Manufacturers' investment intentions compared to the previous 12 months rose slightly for buildings (to -14%, from -19%) and plant and machinery (to -3%, from -6%), but dipped slightly for product and process innovation (to +17%, from +18%) and training and retraining (to +22%, from +25%).
The CBI survey also reported that around a quarter (26%) of manufacturers expect total new orders to increase, and 18% expect them to decrease, giving a balance of +8%, the lowest since October 2012 (+8%).
Separately, the CBI published monthly figures for July, which showed that total order books for manufacturers (-10%) were the lowest since July 2013 (-12%). Export orders were broadly in line with their long-run average (-17% against an average of -20%).
