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British industrial orders surged this month with a growth measure hitting its highest since at least 1977 and price expectations among manufacturers also climbed to a 44-year high, according to a survey published on Wednesday. The survey is likely to add to unease at the Bank of England about growing inflation pressures ahead of the British central bank's announcement on Dec.
British industry has recorded a boom in orders this month with growth hitting its highest measure since 1977, as price expectations among manufacturers also climbed to a 44-year-high.
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British industrial orders growth slowed sharply in October to its weakest in six months, against a backdrop of sharply rising raw materials prices and widespread labour shortages, figures from the Confederation of British Industry showed on Thursday. The CBI’s monthly manufacturers’ order book balance fell to +9 in October from +22 in September, its lowest ...
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