Open Demo Account
Home / Market Update / UK Factory Orders Down to Three-Month Low

UK Factory Orders Down to Three-Month Low

M. Ali 23 September, 2020 1:04 am Market Update

Manufacturers in the United Kingdom saw the highest decline in orders in three months during September, according to data by the Confederation of British Industry (CBI) on Tuesday.

The CBI monthly industrial order book balance decreased to -48 in September from -44 in August.

It is worth noting that UK factory production increased by 6.3% in July on a monthly basis, but declined by 9.4% on an annual basis.

Tags

Check Also

Gold Prices Fall as Risk Appetite Grows Ahead of U.S.-China Trade Talks and Inflation Data

Gold prices saw a decline on Tuesday in Asian trade, pressured by improving risk appetite …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends