British manufacturers increased number of orders in June after a sluggish start in 2018

The balance of industrial orders of the Confederation of British Industry (CBI) in June rose to a plus 13 points from minus 3 points in May after a sluggish start in 2018. The June figure was the highest since January and much higher than the economists' forecast, which was expected at the level of plus 1 point. The CBI survey showed that the price balance in June fell to the lowest level since July 2017 at plus 13 points, from plus 19 points in May. The indicator of expected results fell to a three-month low of plus 18 points. CBI economist Anna Leach said: “Restoring of orders and returning to production growth show that the lull in production activity may end.”

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