CBI November Industrial Trends….

November manufacturing order book balance -21 from -23 in October ( better, but worse than expectations of -19)

November manufacturing output expectations balance -9 from +12 in Oct, lowest since Oct 2011. Price balance rises to +8 from +7

… Business confidence continues to be weighed by European uncertainties and the impending US fiscal cliff, but the CBI does expect growth to pick up next year as uncertainty subsides, and global growth starts to pick up

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