UK DATA: BCC Q3: Home Orders Balances Turn Negative; Recession Risk
–UK BCC: Q3 Manufacturing Home Orders Balance -4% Vs +9% Q2
–UK BCC: Q3 Manufacturing Home Sales +3% vs +18% Q2
–UK BCC: Q3 Manufacturing Export Sales +18% vs +26% Q2
–UK BCC: Q3 Services Home Sales 0% vs +10% in Q2
–UK BCC: Q3 Services Home Orders -3% vs +9% in Q2
–UK BCC: Q3 Confidence, Investment, Hiring Intentions Deteriorate
–UK BCC: Negative Home Orders Balance Points To Recession Risk
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The UK economy showed signs of further economic deterioration and
even stagnation through Q3, the British Chambers of Commerce’s latest
Economic Survey showed.