Industrial orders in UK declined in May to a minimum since November 2016

Industrial orders in the UK declined in May to the lowest level since the end of 2016. As a survey of the Confederation of British Industrialists showed, the monthly balance of industrial orders fell in May to minus 3 points from plus 4 points in April. At the same time, the indicator remains above the long-term average of minus 14 points. The British manufacturing sector, which showed significant growth in 2017, slowed this year. The head of Economic Intelligence of CBI, Anna Leach, said: “Production in the UK has lost some momentum since the beginning of the year amid a softening of both domestic and global growth”.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong