British Manufacturers See Solid Growth In Output: CBI
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john
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Subject: British Manufacturers See Solid Growth In Output: CBI Tue Jun 21, 2011 8:08 am
British Manufacturers See Solid Growth In Output: CBI
U.K. Manufacturers expect Solid Growth in output in the coming quarter after logging healthy order book balance in June, the Confederation of British Industry said Tuesday.
The Industrial Trends survey showed that a balance of plus 13 percent expects output to grow over the coming three months. But this was down slightly on very strong expectations seen over the past five months.
Nearly 27 percent of 457 Manufacturers said total orders as above normal, while 26 percent said they were below normal. The resulting balance of positive 1 percent was well above the long-term average of minus 18 percent. Economists had expected a balance of minus 5. Real Money Doubling Forex Robot Fap Turbo - Sells Like Candy! ORDER NOW
READ MORE ABOUT IT That was also better than the previous month's balance of minus 2 percent. The export order books showed a flat reading after declining in May.
However, price pressures remain a concern, with 31 percent of Manufacturers predicting they will raise output prices over the coming quarter, and 5 percent expecting to lower prices.
U.K. Manufacturers expect Solid Growth in output in the coming quarter after logging healthy order book balance in June, the Confederation of British Industry said Tuesday. (Market News Provided by RTTNews Real Money Doubling Forex Robot Fap Turbo - Sells Like Candy! ORDER NOW
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British Manufacturers See Solid Growth In Output: CBI