Industrial order expectations drop in May - CBI

FXStreet (Mumbai) - The quarterly balance of industrial orders increased to +9% in May, up from a two-month low of +4% in the previous month, but the output slipped to -5% m/m, according to the Confederation of British Industries (CBI).

The CBI said exports were among the upward drivers, picking up to a six-month high while the expectations for the coming quarter remain at similar levels to those seen in the previous months, slightly above the longer-term average.