CBI Industrial Orders Expectations showed balance of +10%

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Tuesday, Feb 20 2018

CBI Industrial Orders Expectations showed balance of +10%

According to the latest CBI survey 30% of manufacturers reported total order books to be above normal, and 20% said they were below normal, giving a balance of +10% - above the negative long-run average of -14%. 22% of firms said their export order books were above normal, and 12% said they were below normal, giving a balance of +10% - far above the negative long run average of -18%.

Tom Crotty, Group Director of Ineos and Chair of CBI Manufacturing Council, said: “Manufacturers are benefitting from the health of the global market place. But companies still struggle to find the workers they need to grow their business. To ensure there’s a strong pipeline of people with the technical skills needed, we need young people to receive further education and careers advice built upon the needs of employers.”

More in this category: « ZEW Economic Sentiment for Germany decreased to 17.8 Wage Price Index rose by 0.6% »

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