Tuesday, January 23, 2007

Forex News: 23.01.2007 CBI price balance rise over the decade

The rate of increase in manufacturers' domestic output prices has picked up markedly, according to the latest survey by the CBI. 25 per cent of firms said that average domestic prices have gone up in the past three months, while nine per cent said they have fallen, giving a rounded balance of 15 per cent - the highest since July 1995 (+19).

This was a marked increase on the previous quarter (a balance of +3%), but was not wholly unexpected, as in the previous survey a balance of 12 per cent of firms had said they hoped to raise prices.

Over the last three months the volume of total new orders rose for a balance of ten per cent. 15 per cent of respondents expecting orders to grow in coming months.


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