The Confederation of British Industry's order book balance rose 14 points from the previous month to -24 in February 2021, its highest reading since February 2020 and well above market expectations of -35. The output expectations index rose 22 points to -2, while the gauge for export order book decreased 6 points to -39. "Manufacturing activity remains patchy, but so far appears to have taken a smaller hit than in previous lockdowns. However, a stubbornly mixed picture persists among the different manufacturing sub-sectors, pointing to the asymmetric impact of restrictions", Alpesh Paleja, CBI Lead Economist, said. source: Confederation of British Industry
Factory Orders in the United Kingdom averaged -18.78 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 March of 2021.
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 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, according to our econometric models.