How The Industrial Trends Orders Reveals A Future Market Behavior? by Bargain Value
Today, we are going to talk about an another market’s width indicator – Industrial Trends Orders (ITO). It is the longest-running UK private sector qualitative business tendency survey, which covers 38 sectors of UK manufacturing industry at chief executive level. The survey has been conducted on monthly and quarterly basis by the Confederation of British Industry (CBI) since 1958.
It is a leading indicator of business conditions. A level above zero indicates, that the order volume is expected to increase; a level below zero indicates, that the expectations are for the lower volumes. Nowadays, the reading is compiled from a survey of about 550 manufacturers.
In order...
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