empty
 
 

2017.09.2206:30:00UTC+00UK Manufacturers' Order Books Weaken In September

UK manufacturers' order books softened in September but both total orders and export orders remained strong, the Confederation of British Industry said Friday.

According to the latest monthly Industrial Trends Survey, a net balance of 7 percent of manufacturers said order books were above normal but it was below August's 13 percent.

The balance of manufacturers reporting a rise in export orders came in at 10 percent compared to 11 percent in August.

A rounded balance of +28 percent expects output growth to accelerate in the coming quarter, with 39 percent forecasting volumes to increase, and 12 percent expecting a decline.

"Manufacturers continue to report solid growth in output, while total order books and export order books are holding firm,"Anna Leach, CBI Head of Economic Intelligence, said.

"Expectations for selling prices were largely in-line with the previous month, but price pressures do appear to have moderated somewhat since earlier in the year," she added.

The survey was conducted between August 24 and September 14.

  • 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 $8000 more!
    In March we raffle $8000 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