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mpc: 15 The available output-based indicators suggested a pickup in the pace of GDP growth in Q2. On the manufacturing side, the CIPS/RBS output balance for April had increased sharply to its highest level in seventeen months; the new orders and output balances from the CBI's quarterly Industrial Trends Survey had increased between January and April; and the orders balances from the BCC's Quarterly Economic Survey had risen strongly in Q1. On the services side, the CIPS/RBS business activity index had also increased in April, reaching its highest level in more than two years and the BCC survey had pointed to an improvement in orders.