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Economy in Brief

CBI Finds Further Weakening 
by Robert Brusca February 18, 2009

The UK MFG sector weakened further in February. The total orders index is at its lowest since 2000 as is the export order reading. Stocks of finished goods have never had a higher reading. Looking ahead the expected outlook over the next three months is lowest in this period. Average price expectations are in the bottom 36% of their historic range.

The UK MFG sector continues to be very weak. The pace of the deterioration is slightly less than last month’s 13 point drop at -8. But that is still a rapid month to month deceleration. There is little in the February survey to suggest that the weakness is playing out.

UK Industrial volume data CBI Survey
Reported: Feb
09
Jan
09
Dec
08
Nov
08
Oct
08
12
MO Avg
Pcntle Max Min Range
Total Orders -56 -48 -35 -38 -39 -16 0% 9 -48 57
Export Orders -49 -39 -33 -31 -32 -16 0% 3 -39 42
Stocks:FinGds 27 27 21 25 24 16 100% 27 -2 29
Looking ahead
Output Volume:Nxt 3M -44 -43 -42 -42 -31 -11 0% 28 -43 71
Avg Prices 4Nxt 3m -12 0 0 10 23 21 36% 34 -19 53
From end 2000
Compare to NTC MFG
    Jan
09
Dec
08
Nov
08
Oct-08 12
MO Avg
Pcntle Max Min Range
UK MFG   35.78 34.91 34.48 40.67 43.65 6% 56.28 34.48 22
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