UK manufacturers reported a sharp fall in new orders in the three months to October period and expect another decline in the coming three months, survey data from the Confederation of British Industry showed Thursday. The total order book balance fell to -20 percent in the three months to October from -17 percent in the three months to July, the Industrial Trends Survey revealed.
Both domestic orders and export orders showed a balance of -26 percent, hitting the lowest since July 2020.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.