Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The rebound of the UK's economy is gaining momentum with manufacturing output growing at the fastest pace on record (since 1975), with order books showing the strongest reading in over 30 years, the latest CBI Industrial Trends survey showed. "Encouragingly, this performance is reflected in the majority of manufacturing sub-sectors and looks set to continue in the coming quarter," said Anna Leach, CBI Deputy Chief Economist.
"However, supply shortages continue to bite, and firms expect that to push through into prices in the months ahead." she added, as price expectations rose at the fastest pace since 1982 and stock adequacy deteriorated further to the weakest level on record.
Total order books jumped to 19 in June, up from 17 recorded in May and showing the best result since May 1988, according to the survey published Wednesday. Export order books improved to -8, its strongest reading since April 2019. Meanwhile, firms expect output to remain at the current level in the next three months, with the indicator remaining at 33 in June.
Source: Confederation of British Industries
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.