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    CBI industrial order books balance rises to +1% in April | 27.04.2015

     

    The Confederation of British Industry (CBI) released its industrial order books balance on Monday. The CBI industrial order books balance rose to 1% in April from 0% in March.

     

     

    The increase was driven by a higher output and new orders expectation.

     

     

    In the first quarter of 2015, the balance of firms reporting a rise in order books was at 13%.

     

     

    The CBI Deputy Director-General Katja Hall said that manufacturers in the U.K. expect the growth to continue.

     

     

    "Exports keep dragging at the heels of growth: firms are finding the recent rise in the Pound against the Euro challenging, making them less competitive in Europe, while the unravelling situation in Greece is creating uncertainty," Hall said.


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