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.
Manufacturing growth slowed markedly in October, according to CBI's latest Industrial Trends Survey released on Friday. The index for total order books declined to +9 from +22 in September, the lowest since -8 in April. The October outturn does remain significantly above the long-term average of -14.
However, manufacturers are more optimistic about the future, with the volume of output index for the next three months rising to +33 from +25 in September. Stocks continued deteriorate, with the index falling to -13 from -11 a month earlier, well below the long run average of +12.
The index for average prices over the coming quarter soared to +59 in October from +41 in September. Average domestic price growth in the quarter to October hit its quickest pace since April 1980, the CBI said.
Source: CBI
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.