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- U.K. manufacturing order, production strongest since 1995: CBI
U.K. manufacturing order, production strongest since 1995: CBI
Growth in
British manufacturing orders and production over the last three months reached
the highest since 1995, survey data from the Confederation of British Industry
showed Thursday.
According
to the Industrial Trends Survey, 36 percent of firms said their total order
books were above normal and 25 percent said they were below, giving a balance
of 11 percent. It was the highest since March 1995.
Similarly,
at 29 percent, the balance for output in the three months to November rose at
its fastest rate since January 1995.
Firms
expect output growth to continue at a similar pace in the next three months. About
44 percent expect to raise output and 20 percent forecast a decline, resulting
a balance of +24 percent.
Stephen
Gifford, CBI Director of Economics said, "This new evidence shows
encouraging signs of a broadening and deepening recovery in the manufacturing
sector."
"Manufacturers
finally seem to be feeling the benefit of growing confidence and spending within
the
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