UK DATA: CBI Monthly industrial trends: Dec total orders -12 vs -21 Nov
-UK CBI Dec expected output volume 0 Vs -9 Nov
-UK CBI Dec Average Expected prices +17 Vs +8 Nov
-UK CBI Dec export orders -11 vs -12 in Nov
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UK manufacturers’ orders books showed a sharp improvement in
December from November, adding to the evidence from the last purchasing
managers’ survey that while the sector may still be contracting, it
is doing so only slowly. In the CBI’s December monthly survey, the
headline total orders balance fell to -12 from -21 in November, well
above economists’ median forecast of -17. The expected output balance
came in at zero, up from -9 in November, pointing to stability ahead.