The Confederation of British Industry's order book balance dropped by 13 points to +9 in October 2021, down from September's all-time high of +22 and well below market expectations of +18, according to the latest monthly CBI Industrial Trends Survey. It was the lowest reading since April, amid rising raw materials prices and widespread labor shortages. The gauge for export orders declined to -7 from -2 in the previous month, while that for stocks of finished goods was down to -13 from -11. Meanwhile, there were increases in expectations regarding output (+33 vs +25) and domestic prices (+59 vs +41). source: Confederation of British Industry
Factory Orders in the United Kingdom averaged -18.34 Net Balance from 1977 until 2021, reaching an all time high of 22 Net Balance in September 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 October of 2021.
Factory Orders in the United Kingdom is expected to be 18.00 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 8.00 Net Balance in 2022 and 5.00 Net Balance in 2023, according to our econometric models.