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U.k. Cbi Industrial Order Expectations Improve In May

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http://community.nasdaq.com/News/2011-05/uk-cbi-industrial-order-expectations-improve-in-may.aspx?storyid=76653

Forex Pros - U.K. industrial order expectations improved more-than-expected in May, industry data showed on Thursday.

In a report, the Confederation of British Industry said its index of industrial order expectations improved to -2.0 in May, compared to reading of -11.0 in April.

Analysts had expected the index to decline to -5.0 in April.

On the index, a reading above 0.0 indicates increasing order volume is expected, below indicates expectations are for lower volume.

Price pressures have moderated visibly this month, though they remain a concern. 24% of manufacturers surveyed predicted they would raise output prices over the coming quarter.

Commenting on the report, CBI Chief Economic Advisor Ian McCafferty said, "Although there has been talk recently that the manufacturing recovery may be starting to flag, our survey shows manufacturers are still seeing solid growth in activity."

Honestly not sure why this would suprise anyone, prehaps the royal wedding is responsible? Interest rate rise in August please..

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In a report, the Confederation of British Industry said its index of industrial order expectations improved to -2.0 in May, compared to reading of -11.0 in April.

This is a bit like the mistakes people make about inflation, but in reverse.. People think that once inflation has gone down from 5% to 0% that somehow we're back to normal, when infact things have gone up 5% and are staying high..

Similarly, this -2.0, which is seen as an improvement, means on balance more people think it's going to get worse from this point, not worse from the heady days of milk and honey. Things are still getting worse, just not quite as fast. Yay

Edited by exiges

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  • 285 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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