Economic Buzz: UK Industrial Orders Remain Weak In November

24 Nov 2022 , 05:21 PM

UK industrial orders remained weak in November, while production expanded for the first time since July driven by improvements in supply chains, the Industrial Trends Survey from the Confederation of British Industry showed. A balance of -5 percent said total orders declined in November compared to -4 percent in October. Export orders also remained below normal but the balance rose to -7 percent from -14 percent. The survey showed that manufacturing output increased in three months to November, with the balance rising to 18 percent from -4 percent. This was the first increase since the three months to July. Powered by Commodity Insights