• UK manufacturing output growth picked up in the quarter to November, and firms saw overall order books rebound from a fall in October - CBI

Market news

20 November 2018

UK manufacturing output growth picked up in the quarter to November, and firms saw overall order books rebound from a fall in October - CBI

Manufacturing output growth picked up in the quarter to November, and firms saw overall order books rebound from a fall in October, according to the latest monthly CBI Industrial Trends Survey.

The survey of 381 manufacturers found that output volume growth accelerated in the three months to November, outpacing the long-run average. Output expanded in 13 of the 17 sub-sectors, with growth driven by the food, drink & tobacco, motor vehicles & transport equipment, and chemicals sub-sectors. Firms expect output growth to slow somewhat over the next quarter.

Meanwhile, total order books strengthened in November after worsening in October, and were more robust than the long-run average. Export order books improved marginally following a weakening in October, and, likewise, remained stronger than the historical average.


Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.