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UK CBI Industrial Order Book Balance Rises to -9 in September, Highest Since July 2023
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The Confederation of British Industry (CBI) reported on Tuesday that its monthly industrial order balance for the UK rose to -9 in September, up from -25 in August, marking the highest level since July 2023. The cumulative 36-point increase over the past two months is the largest two-month rise since records began 49 years ago. The report indicates recent resilience in the UK economy and robust growth in manufacturing output. CBI senior economist Cameron Martin stated that there are increasing signs that the operating environment for manufacturers is stabilizing. The survey also showed an improvement in the output expectations indicator for the coming months, while the expected price indicator fell to 12 from 22 in August.
Source report
September CBI Industrial Order Books Balance: -9 (Previous: -25)
The Confederation of British Industry (CBI) released a survey on Tuesday showing that UK factory order indicators rose to their highest level since July 2023 this month.
Key findings from the CBI's monthly report:
- The monthly order books balance improved from -25 in August to -9 in September
- Over the past two months, the indicator has risen by a cumulative 36 points
- This marks the largest two-month increase since records began 49 years ago
The report further indicates that the UK economy has shown recent resilience, alongside steady growth in manufacturing output.
CBI Senior Economist Cameron Martin commented: "There are growing signs that the business environment for manufacturers is stabilising."
Additional survey data showed:
- Expectations for output over the coming months have also improved
- The expected price indicator fell from 22 in August to 12
Source
金吾资讯Neutral / independent
Part of this Story
UK factory orders hit highest since July 2023, CBI survey shows