The Confederation for British Industry's monthly industrial orders balance declined to +8 in December 2018 from a four-month high of +10 in the previous month and above market expectations of +6. The latest reading pointed to the second straight month of growth in factory orders after a sharp slowdown in October, as the gauge measuring export orders projections for the three months ahead climbed to +14 (vs 0 in November) despite raising concerns over the prospect of a no-deal Brexit. In addition, there were increases in output growth outlook (+14 vs +8) and domestic price expectation (+14 vs +9), while stocks of finished goods fell (-2 vs +5). Factory Orders in the United Kingdom averaged -18.29 Net Balance from 1977 until 2018, 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.
Factory Orders in the United Kingdom is expected to be 5.00 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 1.00 in 12 months time. In the long-term, the United Kingdom CBI Industrial Trends Orders is projected to trend around -2.00 Net Balance in 2020, according to our econometric models.