The Confederation of British Industry's order book balance fell to 8 in July of 2022, the lowest reading since April of 2021, from 18 in the previous month. Both export orders (-12 vs +1) and stocks of finished goods (-7 vs +2) declined and output expectations eased (+6 vs +20). At the same time, domestic price growth is seen slowing (+48 vs +58). “The manufacturing sector has been an economic bright spot in recent months, but output and orders have softened amid ongoing cost pressures, supply challenges and a generalised weakening in economic conditions both in the UK and globally. It is encouraging, however, to see investment intentions firming", Anna Leach, CBI Deputy Chief Economist, said. source: Confederation of British Industry
Factory Orders in the United Kingdom averaged -17.69 Net Balance from 1977 until 2022, reaching an all time high of 26 Net Balance in November of 2021 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 August of 2022.
Factory Orders in the United Kingdom is expected to be 10.00 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.