Open Demo Account
Home / Market Update / UK Factory Orders Surge in May

UK Factory Orders Surge in May

M. Ali 20 May, 2021 8:00 pm Market Update

Industrial orders in the United Kingdom (UK) rose this month by the fastest pace since December 2017, data showed on Thursday.

The industrial orders balance increased to 17 in May from -8 in April, according to the Confederation of British Industry (CBI).

During the past three months, the total growth in industrial output was the largest since December 2018.

Tags

Check Also

US Dollar Stages Modest Recovery Amid Lingering Stagflation Fears

The US Dollar Index (DXY) saw turbulent trading near the 99 level during Monday’s session, …

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