Growth in British factory orders slowed to its weakest in almost a year this month, a monthly survey from the Confederation of British Industry showed on Monday, though firms were working at their closest to full capacity in 20 years.The CBI’s factory order book balance unexpectedly fell this month to -2, its lowest since November 2016, from +7 in September, below all expectations in a Reuters poll that on average forecast it would rise to +9.Output expectations fell to +19 from +28, the lowest since April, while export orders grew at the weakest since July – though both these still pointed to above-average growth.
Source: UK factory orders grow at slowest rate in 11 months – CBI – Reuters
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