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    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.

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