CBI industrial order books balance jumped to 3% in November

Market news

20 November 2014

CBI industrial order books balance jumped to 3% in November

The Confederation of British Industry (CBI) released its industrial order books balance. The CBI industrial order books balance climbed to 3% in November from -6% in October, beating expectations for an increase to -3%.

The CBI's director for economics Rain Newton-Smith said that the manufacturing output remained strong, but the slowdown of the growth is expected due global risks.

He noted that manufacturers have problems in exports markets due to a slowdown of the economic growth in the Eurozone or in China.

Option expiries for today's 10:00 ET NY cut

U.S.: CPI excluding food and energy, Y/Y, October +1.8% (forecast +1.8%)

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