Market Updates: UK CBI Industrial Order Surged to 6 vs. -5 Forecast
Confederation of British Industry reported the UK industrial order and the figure unexpected surged to 6 vs. the forecast of -5...
Arslan Butt•Wednesday, February 20, 2019•1 min read
The Confederation of British Industry reported the UK industrial orders and the figure unexpectedly surged to 6 vs. the forecast of -5. For your info, it’s a survey of 366 manufacturers and it reports that both total and export order books strengthened modestly in the previous month while remaining comfortably above their respective long-run averages.
Output volume growth slowed in the three months to February to a pace roughly in line with its long-run average. Output expanded in over half (9 out of 17) of the sub-sectors, with growth largely driven by the chemicals and food, drink & tobacco sub-sectors.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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