Survey: orders are up

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MANUFACTURERS have seen an increrase in orders in February, according to the Confederation of British Industry.

The CBI’s Industrial Trends Survey said that 21 per cent of the manufacturers surveyed reported total order books to be above normal and export orders also revealed an upturn.

Ian McCafferty, CBI chief economic adviser, said: “The improvement in manufacturing conditions seen in January has been sustained this month. Both domestic and overseas demand have strengthened, underpinning solid expectations for output growth, which is encouraging news, given the particularly difficult period for business in the final quarter of 2011.”

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