empty
 
 

2017.08.2206:13:00UTC+00UK Manufacturers Order Books Remain Robust: CBI

British manufacturing firms said order books were robust in August, while expectations for selling prices ticked up, the latest monthly Industrial Trends Survey from the Confederation of British Industry showed Tuesday.

A balance of +13 percent of manufacturers reported an increase in order books in August, well above the expected score of +8 percent. The net balance of export order books came in at 11 percent.

The survey showed that 42 percent of businesses said the volume of output over the past three months was up, and 12 percent said it was down, giving a balance of +30 percent.

Manufacturers expect output to grow at the same robust pace in the coming quarter.

"There are further signs that exporters are feeling the benefit from the lower pound in this month's figures, and output growth is expected to power on over the coming quarter," Anna Leach, CBI Head of Economic Intelligence, said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback