UK CBI June industrial trends orders report 22 June

  • highest reading since 1988
  • 9 prev
  • trends-selling prices 23 vs 20 exp vs 23 prev
  • mftg export order book balance 13 vs 10 prev, highest since 1995

Not prime data but all in the general mix.

The Confederation of British Industry (CBI) Industrial Trends Orders measures the economic expectations of the manufacturing executives in the U.K. It is a leading indicator of business conditions. A level above zero indicates order volume is expected to increase; a level below zero indicates expectations are for lower volumes.

Says the CBI:

"The survey of 464 manufacturers found that total order books climbed to the highest level since August 1988. This was underpinned by a broad-based improvement in 13 of the 17 sub-sectors, led by the food, drink & tobacco and chemicals sectors. Export orders also improved to a 22-year high, hitting similar peaks to those seen in 2011 and 2013.

Output growth eased to the levels seen at the start of the year, on the back of slowdowns in the chemicals and mechanical engineering sectors, but remained robust historically. Firms expect a firm rise in production over the coming quarter.

But pricing pressures remain strong, with manufacturers continuing to expect a sharp rise in average selling prices, in line with the level seen last month. Stock adequacy dipped marginally, remaining below average"

Full report here

GBPUSD still around 1.2660 and EURGBP 0.8818 after the early move to 1.2685 and 0.8805.

Snoozeville since.

UK CBI trends- Orders mm