UK May CBI trends total orders 17 vs 0 expected 0 (0)

Latest data released by CBI – 20 May 2021
– -8
– Trends selling prices 38
– Prior 27
UK factory orders jump to their highest since December 2017 as the reopening continues to fuel stronger economic prospects in Q2. That said, businesses continue to fear supply chain bottlenecks and that is leading to strong input/output price inflation.

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ECB’s Lane: Supply bottlenecks causing price rise is not real inflation 0 (0)

Remarks by ECB chief economist, Philip Lane
He’s not entirely wrong in that regard but complacency also breeds contempt, that’s always important to remember. When it comes to rising input cost inflation, the simplest explanation may also be the best one (Occam’s razor).

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