The Confederation of British Industry's order book balance dropped four points to -48 in September 2020, below market expectations of -40, suggesting the manufacturing sector remained severely depressed despite the country's reopening efforts. The outlook for production over the next three months also weakened.
Factory Orders in the United Kingdom averaged -18.66 Net Balance from 1977 until 2020, reaching an all time high of 21 Net Balance in May of 1988 and a record low of -79 Net Balance in October of 1980. This page provides the latest reported value for - United Kingdom CBI Industrial Trends Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom CBI Industrial Trends Orders - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Confederation of British Industry
Factory Orders in the United Kingdom is expected to be -40.00 Net Balance by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Factory Orders in the United Kingdom to stand at 10.00 in 12 months time. In the long-term, the United Kingdom CBI Industrial Trends Orders is projected to trend around 12.00 Net Balance in 2021 and 8.00 Net Balance in 2022, according to our econometric models.