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ECONOMIC DATA THIS WEEK

CBI Industrial Trends Survey, May 2013:  The latest edition of the CBI survey shows that output was broadly flat over the 3 months to May, but that firms continue to predict a robust acceleration over the coming 3 months, although at a slightly slower pace than in the April survey.  Twelve of the sixteen sectors in the CBI analysis anticipate a pick-up in growth over the coming 3 months, with the Mechanical Engineering (Machinery) sector among the strongest areas.

Both total and export order books edged up in the latest survey and both measures were broadly in-line with their long-run averages.  The Mechanical Engineering sector was the strongest upward deriver of this trend, reporting the strongest order books so far in 2013.

You can get the CBI’s Press release on the survey results from their web-site or on request from MTA.

CECIMO Statistical Toolbox, May 2013:  The latest edition of the CECIMO Toolbox includes the usual round up of information about the economic situation in Europe and MT-IX which is CECIMO’s own tracking of share prices for 23 companies around the world who produce machine tools.

You can download the Toolbox from CECIMO’s web-site at www.cecimo.eu or get it from MTA.

US Machine Tool Exports/Imports, 1st Quarter 2013:  US exports of machine tools were +7% higher than in the same period of 2012 at $642.5 million (approximately £414 million);  on the same basis, imports of machine tools fell by -9% to $1317 million (about £849 million).