- Prior 11
- Export orders -24 vs -3 prior
- Selling prices +1 vs -1 exp. Prior -1
- 3m output 27 vs 31 prior
Not good reading at all, though the pound is more tied up in the Scotland vote I feel.
It’s not all bad though as the balance who saw a rise in output over the prior 3 months rose to 15 from 12 but it’s forward looking that is the worry with that export order balance falling below the long running -20 average. Nothing to note on prices though.
“Against a backdrop of acute political uncertainty at home and abroad, exports orders for UK manufacturers are faltering, which is disappointing. However, it’s encouraging that output growth has remained solid and firms expect production to rise strongly in the next quarter.” Said Katja Hall at the CBI
UK CBI industrial trends survey 18 09 2014
