Forex News: CBI industrial order books balance -6%
Forex NewsAccording to the CBI’s latest monthly industrial trends survey published today, the industrial order book balance in Great Britain was -6% in November. The balance is the difference between the percent of manufacturers reporting an increase and those reporting a decrease.
It is important to note that in the preceding month the industrial order book balance was -20%. The analysts expected the indicator to narrow down to -14%. The growth of industrial orders was observed in all sectors, while the capital goods sector was the strongest.
The balance of export orders was +3%, the first positive balance since February 1996. In October the balance of export orders was -11%. The increase was unexpected and the highest since 1995.
It is important to note that in the preceding month the industrial order book balance was -20%. The analysts expected the indicator to narrow down to -14%. The growth of industrial orders was observed in all sectors, while the capital goods sector was the strongest.
The balance of export orders was +3%, the first positive balance since February 1996. In October the balance of export orders was -11%. The increase was unexpected and the highest since 1995.
posted by Kalin Tasev @ 1:04 PM
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