UK Industrial Orders Growth Cools In 3 Months Through Oct: CBI

By David Robinson

     LONDON (MNI) - UK industrial order book growth cooled in the three months

through October, the CBI Industrial Trends survey showed.

     The total new orders balance fell to a net +6% in the October survey from

14% in July while the domestic orders balance dropped to a net +5% from +19%.

Export order growth exceeded domestic order growth but still eased to +12% from

+17% in the quarterly survey.

     The quarterly output volume balance dropped to +14% from +31% and growth in

numbers employed edged lower to +16% from +18%.

     The survey is consistent with a picture of relatively subdued UK growth

with elevated inflation, with the quarterly domestic prices balance at +19%

compared with +21% in July, way above the long run average of -2%.

     In the monthly series the total order book balance fell to -2% in October

from +7% in September with the export order book balance falling to +5% from

+10%.

--MNI London Bureau; tel: +44 203-586-2223; email: david.robinson@marketnews.com

--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com

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