Engineering Orders: Their Use in Forecasting

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Abstract
For the past four years estimates of home and foreign orders have been published which, by and large, cover the capital goods sector of the engineering industry. (This is the sector which produces to order.) Home deliveries from this sector make up a large part of industry's investment in plant and machinery; export deliveries have usually been more buoyant than total exports. If these orders figures could be used to predict turning-points in home and export deliveries of engineering products, this would be a helpful additional forecasting tool.

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