The Confederation of British Industry's order book balance eased to +17 in July 2021, but reminded close to over three-decade high of +19 hit in June according to the latest monthly CBI Industrial Trends Survey. UK manufacturing output volumes in the three months to July grew at the fastest pace on record (+44 vs +33 in June) and are expected to expand at a similar pace in the coming quarter. Meanwhile, the total order book balance posted the first monthly decline since April (+17 vs +19) despite a continued improvement in export orders (-7 vs -8). The gauges for stocks of finished goods and domestic price expectations were also down. source: Confederation of British Industry
Factory Orders in the United Kingdom averaged -18.53 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 August of 2021.
Factory Orders in the United Kingdom is expected to be 17.00 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.