The Confederation of British Industry's order book balance rose 2 points to +19 in June 2021, the highest level since an all-time high reached in May 1988 and slightly above market expectations of +18, according to the latest monthly CBI Industrial Trends Survey. UK manufacturing output volumes in the three months to June grew at the fastest pace on record and are expected to expand at a quick pace in the coming quarter, driven by the motor vehicles & transport equipment and food, drink & tobacco sub-sectors. In addition, export order books improved to their firmest in more than two years. Meanwhile, manufacturers reported that stock adequacy in June worsened to its weakest since 1977. Additionally, output prices are expected to grow rapidly in the next quarter, with this month’s outturn marking the strongest expectations since 1982. source: Confederation of British Industry
Factory Orders in the United Kingdom averaged -18.60 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 July of 2021.
Factory Orders in the United Kingdom is expected to be 25.00 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 14.00 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.