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Economy

xchrom

(108,903 posts)

19. UK factory orders slow more than forecast in July-CBI

Reply to Tansy_Gold (Original post)

Tue Jul 22, 2014, 07:47 AM

Jul 2014

http://uk.reuters.com/article/2014/07/22/uk-britain-industrialoutput-cbi-idUKKBN0FR10Y20140722

(Reuters) - British factory orders slowed more than expected in July and growth expectations also eased, a latest sign that the pace of recovery in manufacturing has lost a bit of steam, the Confederation of British Industry said on Tuesday.

The CBI survey's monthly total order book balance slowed to +2 this month from +11 in June and was below expectations for a balance of +8.

Outside the often volatile monthly numbers, total new orders for the quarter ending in July rose to +24 from +21 in April - their highest level since 1995.

But the balance for export orders in July alone fell to -16 from -2 in June - its lowest since January - dampening hopes that exports will help to balance out the consumer-led rebound in the economy.

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