Nov CBI: Nov Orders Pick Up; Output Falls Vs October

–UK CBI Monthly Trends: Nov Total Orders -15 vs -28 in Oct
–UK CBI Industrial Trends: Nov Output Volume +4 vs +18 in Oct
–UK CBI Nov Average Prices +17 vs +6 in Oct
–UK CBI Nov Export Orders -7 vs -21 in Oct
–UK CBI Nov Output Volume Lowest Since January 2010
–UK CBI Nov Average Prices Highest Since March 2010

London (MNI) – Order balances improved in November compared to
October, while output prices picked up sharply, according to the latest
CBI survey.

The CBI survey showed the total orders balance for November rose to
-15 from -28 in October, while average output prices rose to 17 from 6
in October. The average prices balance was the highest since March.

While orders rose, output volumes in November fell, following the
weak orders balance in October.

The November output volume balance fell to 4 from 18 in October,
hitting its lowest level since January.

“Manufacturing demand improved in November from October’s more
negative figures for total and export orders. Demand is now back in
line with that over the summer months, suggesting that particularly
weak order book readings last month may have been a one-off,” CBI chief
economic adviser Ian McCafferty said.

“Factory output is still set to rise, albeit with modest
expectations for growth compared with recent months, as the boost from
restocking starts to fade,” he added.

–London bureau: 44 20 7862 7491; email: drobinson@marketnews.com

[TOPICS: M$B$$$,M$BDS$,MT$$$$,MABDS$]