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- CBI industrial order books balance rises to +1% in April
CBI industrial order books balance rises to +1% in April
The Confederation of British Industry (CBI) released its industrial order books balance on Monday. The CBI industrial order books balance rose to +1% in April from +0% in March.
The increase was driven by a higher output and new orders expectation.
In the first quarter of 2015, the balance of firms reporting a rise in order books was at 13%.
The CBI Deputy Director-General Katja Hall said that manufacturers in the U.K. expect the growth to continue.
"Exports keep dragging at the heels of growth: firms are finding the recent rise in the Pound against the Euro challenging, making them less competitive in Europe, while the unravelling situation in Greece is creating uncertainty," Hall said.
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