The Confederation of British Industry's total order book balance rose to -46 in July of 2020 from -58 in June, below market expectations of -38 and pointing to the smallest decline in factory orders since March. The manufacturing output expectations balance advanced to +15 in July from -30 in the previous month, its highest since September of 2018. Also, export order books increased to -64 from -79 and the stocks of finished goods growth accelerated (+19 vs +2). In addition, average selling prices are expected to increase (+4 vs -10).
Factory Orders in the United Kingdom averaged -18.55 Net Balance from 1977 until 2020, 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 2020. source: Confederation of British Industry
Factory Orders in the United Kingdom is expected to be -26.00 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 10.00 in 12 months time. In the long-term, the United Kingdom CBI Industrial Trends Orders is projected to trend around 12.00 Net Balance in 2021 and 8.00 Net Balance in 2022, according to our econometric models.