Economic Buzz: UK CBI Manufacturers Expect Order Growth To Slow

UK manufacturers expect order growth to slow in the coming three months, the Industrial Trends Survey from the Confederation of British Industry showed Tuesday. A net 13 percent said the volume of output increased over the past three months versus 21 percent in the preceding quarter. At the same time, a balance of 14 percent reported an increase in new orders in three months to April. The domestic order balance came in at 1 percent, the lowest since April 2016.Meanwhile, at 27 percent, export orders increased at the fastest pace since April 1995.