MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

UK CBI Order Books weaken, with new orders falling at fastest pace since July 2020

UK DATA

UK CBI Order Books Balance weakens to -30 (vs -23 forecast, -23 prior), whilst average prices for next three months are expected to rise to +9 (vs +7 prior). The survey based on 246 manufacturing firms found:

  • “Total new orders fell at their fastest pace since July 2020 (balance of -13% from +2% in October).”
  • “Growth in average costs per unit of output accelerated in the quarter to January, with the pace of costs growth standing well above average (balance of +43%, from +29% in October, long run average of +18%). Cost growth is expected to remain elevated in the quarter to April (+43%).”
  • Meanwhile, Volume of output is expected to rise marginally in the next three months to +7% (vs +5% prior), although output volumes fell in the three months to January to -10% from 0%.
  • “Investment intentions for the year ahead were mixed… The main constraint on investment was uncertainty about demand (cited by 58% of manufacturers, the highest since January 2021).”
  • CBI Deputy Chief Economist said “Conditions in the manufacturing sector deteriorated unexpectedly.. Uncertainty about demand looks set to weigh on investment in the year ahead.”
  • Survey conducted between 18th December and 12th January.
DataHomepageData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.