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UK CBI Industrial orders dip lower in September |
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FXstreet.com (Barcelona) – Order books from British exported have d4ropped lower in September despite the recent depreciation of the pound, hit by the economic slowdown, although prices pressure seems to have started to ease somewhat, according to the latest survey by The Confederation of British Industry.
Current total order books have been below normal levels for this time of the year for 44% of the surveyed manufacturers, while 19% of them have reported orders in levels above normal, which gives a balance of -26% in September, from -13% in the previous month, the lowest balance since January 2006.
As a result, expectations have dropped to a seven year low, with 36% of the manufacturers expecting their orders volume to go down, and 20% of them expecting an increase, a balance of -16%, from -13% in the previous month.
The prices balance, has declined from last month with a balance of +13% expecting prices to increase over the coming months, down from the 31% balance posted last month.
Posted originally: 9/17/2008 10:19:00 AM
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