FOREX TradingCharts.com

Financial News: UK Manufacturers' Confidence Highest Since April 2014: CBI

UK Manufacturers' Confidence Highest Since April 2014: CBI Survey

01/22/2020 - 08:29:00 (RTTNews)

(RTTNews) - Optimism among the UK manufacturers' improved significantly in the three months to January to its highest level in nearly six years, survey by the Confederation of British Industry showed Wednesday. The survey balance indicating manufacturers' optimism jumped to +23 in the three months to January from -44 in the October quarter, the CBI survey showed. This was the strongest reading since April 2014.

The latest surge in optimism was also the biggest swing on record in the measure in a single quarter since the CBI survey began in 1958. However, the sentiment on the export outlook remained gloomy, but much less when compared to the previous quarter. The corresponding balance improved to -8 from -46 in October.

"With business optimism improving at its fastest pace since 2014 and some of the squeeze on investment plans lifting, it's clear manufacturers are entering the new year with a spring in their step," CBI Deputy Chief Economist Anna Leach said.

"Firms are now planning to invest more in plants and machinery, which will ultimately help increase capacity and output."

The CBI survey was conducted among 300 manufacturing firms.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hungary Holds Rate Unchanged Again (47 min(s), 47 sec(s) ago)
(RTTNews) - Hungary's central bank left its benchmark interest rate unchanged on Tuesday, as e ...Full Story»

U.S. Consumer Confidence Improves Slightly In February (01 hr(s), 0 min(s),47 sec(s) ago)
(RTTNews) - Data released by the Conference Board on Tuesday showed consumer confidence in the U.S ...Full Story»

Hong Kong Trade Deficit Widens In January (04 hr(s), 48 min(s), 47 sec(s) ago)
(RTTNews) - Hong Kong's trade deficit increased in January, amid a fall in both exports and im ...Full Story»

South Africa Leading Index Falls In December (04 hr(s), 58 min(s), 47 sec(s) ago)
(RTTNews) - South Africa's leading index fell in December after rising in the preceding month, ...Full Story»

Croatia Producer Price Inflation Rises In January (05 hr(s), 0 min(s),47 sec(s) ago)
(RTTNews) - Croatia's producer prices rose in January, figures from the Croatian Bureau of Sta ...Full Story»

UK Retailers Plan To Raise Investment: CBI (05 hr(s), 09 min(s), 47 sec(s) ago)
(RTTNews) - British retailers plan to raise their investment in the year ahead for the first time ...Full Story»

Malta Producer Price Inflation Increases In January (05 hr(s), 10 min(s), 47 sec(s) ago)
(RTTNews) - Malta's producer price inflation rose for the second month in a row in January, da ...Full Story»

Poland Jobless Rate Highest In 9 Months (05 hr(s), 20 min(s), 47 sec(s) ago)
(RTTNews) - Poland's jobless rate rose to the highest in nine months in January, data from Sta ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hungary Holds Rate Unchanged Again

02/25/2020 - 10:40 AM (RTTNews)
(RTTNews) - Hungary's central bank left its benchmark interest rate unchanged on Tuesday, as e ...Full Story>>

U.S. Consumer Confidence Improves Slightly In February

02/25/2020 - 10:27 AM (RTTNews)
(RTTNews) - Data released by the Conference Board on Tuesday showed consumer confidence in the U.S ...Full Story>>

Hong Kong Trade Deficit Widens In January

02/25/2020 - 06:39 AM (RTTNews)
(RTTNews) - Hong Kong's trade deficit increased in January, amid a fall in both exports and im ...Full Story>>

South Africa Leading Index Falls In December

02/25/2020 - 06:29 AM (RTTNews)
(RTTNews) - South Africa's leading index fell in December after rising in the preceding month, ...Full Story>>

Croatia Producer Price Inflation Rises In January

02/25/2020 - 06:27 AM (RTTNews)
(RTTNews) - Croatia's producer prices rose in January, figures from the Croatian Bureau of Sta ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.