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Export orders show industry has 'spring in its step'

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Manufacturers' order books have grown to a six-month high in a further sign the sector is making up some of the ground it lost last year. Figures from the CBI's monthly industrial trends survey show companies' total order books strengthening, with a rally in export orders and robust domestic demand. Some 26% of companies reported total order books above normal and 16% said they were below normal, giving a positive balance of 10 points. This was comfortably above the 6 points expected by analysts polled by Reuters. Rain Newton-Smith, economics director at the CBI, said that manufacturers 'have more of a spring in their step' and are 'regaining some of the momentum lost towards the end of last year'.

 

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