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45 matches for " cbi industrial trends survey":
In one line: Ending the year on a very weak note.
In one line: Other data likely are providing a more accurate signal.
In one line: The manufacturing recovery is slowing, not unraveling.
In one line: Consistent with falling manufacturing output and a small drop in the PMI.
In one line: Understating the recovery, due to its poor construction.
In one line: Survey's poor construction means it is always too gloomy at the start of recoveries.
In one line: Probably understating the coronavirus hit.
In one line: Continued weakness reflects the survey's construction and timing.
In one line: The manufacturing recovery still has legs, but Brexit casts a shadow.
In one line: Another positive sign, though the survey is not a precise guide to the PMI.
In one line: Another weak survey, but production will rebound in Q3.
In one line: Mixed messages warn against coming to strong conclusions.
In one line: The recovery has stalled.
In one line: No sign of a turnaround yet.
In one line: Slumping as firms run down inventories.
In one line: Understating the upswing in output.
In one line: Pre-Brexit preparations providing no relief this time.
In one line: Still understating the manufacturing sector's recovery.
In one line: Dire, even after accounting for seasonal quirks.
Further evidence that the general election has transformed business confidence emerged yesterday, in the form of January's CBI Industrial Trends survey.
The public finances are in better shape than October's figures suggest in isolation. Public sector net borrowing excluding public sector banks--PSNB ex.--leapt to £11.2B, from £8.9B a year earlier.
Sterling briefly touched $1.30 yesterday, in response to signs that a very small majority in the Commons stands ready to vote for an unamended version of the Withdrawal Agreement Bill--WAB-- on Tuesday.
November's labour market report provided timely reassurance, after last week's downside data surprises, that the economy did not grind to a halt at the end of last year.
The government now has a 50:50 chance of getting the Withdrawal Agreement Bill--WAB--through parliament in the coming weeks, despite Letwin's successful amendment and the extension request.
Borrowing by local authorities from the Public Works Loan Board, used to finance capital projects-- and arguably dubious commercial property acquisitions--has surged this year.
As we write, the Commons appears to be on the verge of voting for the Withdrawal Agreement Bill--WAB--at its second reading but then voting against the government's "Programme Motion", which sets out a very tight timetable for its passage through parliament, in a bid to meet the October 31 deadline and to minimise parliamentary scrutiny.
The latest Markit/CIPS manufacturing survey has dashed hopes that sterling's depreciation and the pickup in global trade will facilitate strong growth in U.K. production this year. The PMI dropped to 54.2 in March, from 54.6 in February.
We expect the flash reading of Markit's composite PMI, released today, to print at 52.4 in February, below the consensus, 52.8, and January's final reading, 53.3, albeit still in line with last month's flash.
All eyes today will be on the core PCE deflator for August, which we think probably rose by a solid 0.2%.
The mortgage market is continuing to hold up surprisingly well, given the calamitous political backdrop.
The PM now is at a fork in the road and will have to decide in the coming days whether to risk all and seek a general election, or restart the process of trying to get the Withdrawal Agreement Bill--WAB--through parliament.
The public finances are in better health than appeared to be the case a few months ago.
CPI inflation surprises look set to trigger larger- than-usual market reactions over the coming months, given that the MPC emphasised last month that it wants to see domestically-generated inflation rebound swiftly, after falling suddenly late last year, in order to justify keeping Bank Rate on hold.
Today's labour market report looks set to be a mixed bag, with growth in employment remaining strong, but further signs that momentum in average weekly wages has faded.
The labour market remains healthy enough to persuade the MPC to keep its powder dry over the coming months.
On the face of it, December's flash Markit/CIPS PMIs warrant the MPC cutting Bank Rate at its meeting on Thursday.
Markets greatly cheered the Conservatives' landslide victory on Friday, but remained cautious on the potential for the MPC to return to the tightening cycle it started in 2017.
CPI inflation held steady at 1.5% in November, marking the fourth consecutive below-target print, though it was a tenth above both the MPC's forecast and the consensus.
The headline employment numbers masked an otherwise sub-par December labour market report.
Expectations that the MPC will cut Bank Rate at its meeting on January 30 received a further shot in the arm at the end of last week, when December's retail sales figures were released.
The market-implied probability that the MPC will cut Bank Rate by June fell to 34%, from 38%, after the release of January's consumer price figures, though investors still see around an 80% chance of a cut by the end of this year.
The run of weak retail sales figures continued yesterday, with the release of November's official data.
Leading indicators are giving conflicting signals regarding the outlook for core goods CPI inflation.
Investors have welcomed the flurry of encouraging opinion polls for the Conservatives that were published over the weekend, with cable rising nearly to $1.30 on Monday, a level last seen on a sustained basis six months ago.
Chief U.K. Economist Samuel Tombs on the U.K. CBI Industrial Trends Survey
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