The Confederation of British Industry's order book balance rose 15 points from the previous month to -25 in December 2020, its highest level since February and beating market expectations of -34. The gauge for export order book increased to -44 from -51 in November, while the output expectations index advanced to -6 from -10. "The rollout of the Covid vaccine brings hope that conditions for manufacturers will improve in the coming months," CBI deputy chief economist Anna Leach said. "The government must continue to do what it can to support companies through the winter while demand remains disrupted by Covid restrictions," she added. source: Confederation of British Industry
Factory Orders in the United Kingdom averaged -18.74 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 January of 2021.
Factory Orders in the United Kingdom is expected to be -27.00 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 9.00 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.