The Confederation of British Industry's order book balance rose 19 points from the previous month to -5 in March of 2021, its highest reading since April of 2019 and beating market expectations of -20. The output expectations index jumped 32 points to +30, the highest since August of 2017, and the gauge for export order book improved 19 points to -20. Manufacturers anticipate output price growth will accelerate quickly in the next quarter (20 vs 3), the strongest since February 2019. Also, firms reported inventories as being broadly adequate, which, nonetheless, was their weakest balance since December 2017 (-3 vs +8). “Looking ahead, the Government should remain focussed on measures to reinforce a recovery, with an eye to boosting the UK’s competitiveness over the long-term. Rapid progress in the rollout of the vaccine will be crucial in driving a recovery business confidence”, Anna Leach, CBI Deputy Chief Economist, said. source: Confederation of British Industry
Factory Orders in the United Kingdom averaged -18.76 Net Balance from 1977 until 2021, 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 April of 2021.
Factory Orders in the United Kingdom is expected to be -19.00 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 12.00 in 12 months time. In the long-term, the United Kingdom CBI Industrial Trends Orders is projected to trend around 8.00 Net Balance in 2022 and 5.00 Net Balance in 2023, according to our econometric models.