The Confederation of British Industry's order book balance edged down by one point to -5 in November 2022, but came in above market expectations of -8, suggesting total order books remained below normal for a fourth consecutive month, according to the CBI’s latest Industrial Trends Survey. Export orders were also seen as below normal, but to a lesser extent than last month (-7 vs -14 in October), while manufacturing output is expected to fall over the next three months (-10 vs 7). Meanwhile, manufacturers judged that stocks remained broadly adequate (5 vs 7). On the price front, expectations for average selling price inflation for the next three months remained at a broadly similar level to last month (47 vs 46), although this remained comfortably below the multi-decade highs seen earlier in the year (80 in March). source: Confederation of British Industry
Factory Orders in the United Kingdom averaged -17.59 Net Balance from 1977 until 2022, reaching an all time high of 26.00 Net Balance in November of 2021 and a record low of -79.00 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 November of 2022.
Factory Orders in the United Kingdom is expected to be -12.00 Net Balance by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom CBI Industrial Trends Orders is projected to trend around 5.00 Net Balance in 2023 and 1.00 Net Balance in 2024, according to our econometric models.