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- CBI industrial order books balance rises to -7 in December
CBI industrial order books balance rises to -7 in December
The Confederation of British Industry (CBI) released its industrial order books balance on Thursday. The CBI industrial order books balance rose to -7 in December from -11% in November.
The index increased in December as export orders improved.
"Manufacturers are still having a tough time of it with output slipping and exports remaining a weak spot in spite of an improvement at the end of the year. But there is a pick-up in orders from previous months which could be a sign of light at the end of the tunnel," the CBI director of economics Rain Newton-Smith said.
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