The Confederation of British Industry survey's total order book balance rose slightly to -16 in February 2023, up from a near two-year low of -17 in the previous month but missing market expectations of -14. Export order books were also seen as below normal and to a greater extent than last month (-27 vs -22 in January), while stocks of finished goods were seen as broadly adequate (9 vs 12). Manufacturing output volumes fell at their fastest pace since September 2020 in the three months to February, largely driven by the motor vehicles & transport equipment, chemicals and paper, printing & media sectors. Finally, expectations for average selling price inflation in the three months ahead were the lowest since May 2021 (40 vs 41), having declined steadily from the multi-decade highs seen in early 2022 (80 in March 2022). Still, they remained well above the long-run average (6). source: Confederation of British Industry
Factory Orders in the United Kingdom averaged -17.57 Net Balance from 1977 until 2023, 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 March of 2023.
Factory Orders in the United Kingdom is expected to be -14.00 Net Balance by the end of this quarter, according to Trading Economics global macro models and analysts expectations.