The Confederation of British Industry's total order book balance tumbled to -62 in May 2020 from -56 in the previous month, the lowest since October 1981 and compared to market expectations of -59. In addition, the measure for output over a three-month period dropped to -54, its lowest reading since the series began in July 1975. Meanwhile, domestic price expectation fell sharply (-20 vs -11 in April) and stocks of finished goods increased at a softer pace (+23 vs +26).
Factory Orders in the United Kingdom averaged -18.42 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 May of 2020. source: Confederation of British Industry
Factory Orders in the United Kingdom is expected to be -30.00 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 -16.00 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.