CBI industrial order books balance rises to -11% in November

Market news

19 November 2015

CBI industrial order books balance rises to -11% in November

The Confederation of British Industry (CBI) released its industrial order books balance on Thursday. The CBI industrial order books balance rose to -11% in November to -18% in October.

Decline in export demand weighed on new orders.

"Poor export performance is weighing on the UK economy, as manufacturers are held back by a strong pound and a weakening global growth outlook," the CBI director of economics Rain Newton-Smith said.

U.S.: Initial Jobless Claims, November 271 (forecast 271)

Foreign exchange market. European session: the euro slightly fell against the U.S. dollar after the release of the European Central Bank’s (ECB) minutes

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