July 2016 UK CBI industrial trends data report 25 July 2016

  • Prior -2

  • Selling prices 5 vs 1 prior

  • Optimism -47 vs -15 exp. Prior -5

  • Export orders -22 vs -14 prior

Business optimism falls the fastest since Jan 2009. No surprise what drove that.

Not usually a market mover but everyone is looking at the Brexit fallout. Cable dropped to 1.3133 from around 1.3160.

FYI. The wires are making a lot of this optimism number but it's a quarterly number, not a monthly one. It doesn't make a difference that it's crumbled but take it in context. To make a point, the total quarterly orders was +9 vs -4 prior.

UK CBI industrial trends optimism quarterly