The Confederation of British Industry's order book balance fell to 15 in June of 2022 from 26 in the previous month and below market expectations of 22. Manufacturing output growth slowed in the three months to June (25 vs 30 in May), and growth is expected to ease further in the three months ahead, but expectations remain well above their long-run average. Expected domestic price growth for the three months ahead eased markedly in June (58 vs 75), the weakest expectations for selling price inflation since September 2021. “While manufacturing output is still being supported by a backlog of orders, growth appears to be softening. Stocks of finished goods are now seen as broadly adequate and we may be seeing the first signs that weaker activity is beginning to slow the pace of price increases in the sector.”, said Anna Leach, CBI deputy chief economist. source: Confederation of British Industry
Factory Orders in the United Kingdom averaged -17.74 Net Balance from 1977 until 2022, reaching an all time high of 26 Net Balance in November of 2021 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 June of 2022.
Factory Orders in the United Kingdom is expected to be 15.00 Net Balance by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom CBI Industrial Trends Orders is projected to trend around 5.00 Net Balance in 2023 and 1.00 Net Balance in 2024, according to our econometric models.