TeleTrade - Analytics

    TeleTrade

    689.50 6.50/10
    81% of positive reviews
    Real

    CBI industrial order books balance drops to zero in March | 23.03.2015

     

    The Confederation of British Industry (CBI) released its industrial order books balance on Monday. The CBI industrial order books balance dropped to zero in March from 10% in February.

     

     

    Analysts expected the CBI industrial order books balance to decrease to 9%.

     

     

    The decline was driven by a stronger pound and a weak economy in the Eurozone.

     

     

    The CBI's director for economics Rain Newton-Smith said that "sluggish export performance seems to be a headache that won't go away".

     

     

    He noted that "measures in the budget to support exporters should be a welcome boost for the sector's longer-term prospects".

     

     

    Volume of output for the next three months fell to 22 in March, down from 25 in February.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree