U.K. CBI industrial order expectations improve in December
Investing.com
Published Dec 17, 2013 06:03AM ET
U.K. CBI industrial order expectations in December rise to 12.0 from 11.0
In a report, the Confederation of British Industry said its index of industrial order expectations rose to a reading of 12.0 this month from November’s reading of 11.0. Analysts had expected the index to hold steady at 11.0 in December.
On the index, a reading above 0.0 indicates increasing order volume is expected, below indicates expectations are for lower volume.
Stephen Gifford, CBI Director of Economics, said, “The manufacturing sector is showing further signs of momentum with nearly all sectors reporting growth for a second month.”
“While risks remain in the euro zone and beyond, this survey provides further evidence that the recovery is becoming more embedded,” he added.
Following the release of that data, the pound was little changed against the U.S. dollar, with GBP/USD inching up 0.01% to trade at 1.6301.
Meanwhile, European stock markets were lower. London’s FTSE 100 fell 0.35%, the EURO STOXX 50 declined 0.45%, France’s CAC 40 dropped 0.8%, while Germany's DAX shed 0.3%.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.