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.
UK manufacturing order books continued to improve in August, with the CBI index rising to +18% from +17% in July, well above the long-run average of -14%. However, export order books declined significantly, to -16% from -7% last month, in line with the long-run average. "Early signs from the data suggest that growth in activity may have peaked," said CBI Lead Economic Alpesh Paleja.
Price expectations continued to rise, to +43 from +42 in July, below the near-30-year high in June of +46, but still above the long-run average of +3.
Stock adequacy deteriorated to a third-consecutive record low in a series dating back to April of 1977, declining to -14% from -11%, which shortages most prominent in electronic engineering and plastic products sub-sectors. "There is no getting away from the fact that many firms are facing serious challenges, such as staff shortages, supply disruption and rising costs. It is important that these issues are addressed quickly," said Tom Crotty, group director at INEOS and chair of the CBI Manufacturing Council.
Source: CBU
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.