Tuesday, April 03, 2012
Chambers of Commerce cautiously optimistic
Posted by David Smith at 08:45 AM
Category: Thoughts and responses

Following yesterday's good purchasing managers' index for manufacturing, up from 51.5 to 52.1, the British Chambers of Commerce quarterly survey is also cautiously upbeat. While warning that growth is slow, the BCC cites an improvement in Q1 over Q4 2011.

It says: "Manufacturing home deliveries up 12 points to +12%, and home orders up 19 points to +6%. In the service sector, the home deliveries balance rose eight points to +10% and the home orders balance is up 16 points to +7%.

"The manufacturing balance for export deliveries rose 12 points, to +24%, and for export orders increased 15 points, to +20%. - The service export deliveries balance rose six points, to +16% and for export orders the balance is up 13 points, to +12%." More here.