London (MNI) – The CBI’s monthly and quarterly industrial surveys
for July showed total order books rising to multi-year highs, although
growth in export orders declined.
The July quarterly volume of total new orders balance rose to 18
from 12 in April, hitting its highest level since April 2004. Output
volumes rose to 24 from 1 in April, reaching their highest level since
April 1995, with CBI chief economic adviser Ian McCafferty saying
“manufacturing production really stepped up a gear.”
The monthly July survey showed total order books rising to -16 from
-23 in June, hitting their highest level since August 2008.
Export growth, however, appears to be decelerating. The July
monthly export order book balance declined to -12 from -2 in June while
the export volume balance in the quarterly survey fell to 18 from 20 in
April.
–London bureau: 44 20 7862 7499; email: drobinso@marketnews.com
[TOPICS: M$B$$$,M$BDS$,MT$$$$,MABDS$]
