CBI survey shows unexpected June rise in U.K. factory orders

LONDON (MarketWatch) — The Confederation of British Industry’s June industrial trends survey showed an unexpected improvement in total manufacturing orders, with 31% of firms describing order books as “above normal” and 30% describing them as “below normal” for a balance of +1. Consensus expectations were for a decline in the balance to -12.5 from -10 in May. Manufacturers expect to see steep price increases continue, with 39% of firms saying the expect to raise prices over the next three months, while 10% say they expect to lower them, for a rounded balance of +28, just off the 13-year high of +30 seen in May.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

More @ DollarDrops.com:Bank of England committee voted 9-0 to cut rate in December

Bank of England voted 8-1 for steady rates in May: […]

Original post by Forextvblog

This entry was posted on Wednesday, June 18th, 2008 at 3:20 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.