Details of the September 2016 UK CBI industrial trends data report 22 September 2016
Prior -5
Export orders -10 vs -6 prior
Selling prices 5 vs 10 exp. Prior 8
Expectations 22 vs 11 prior
Despite the negative numbers, orders for September were well above the average (-15). Expectations are at a 3 month high, which is good news following the vote. Naturally the main reason given has been the drop in the pound, not that's you'd tell from the lower export orders balance, which is also above the average.
So good news in what looks like negative news, none of which is of interest to the pound which is softer by 13 odd pips from 1.3070.
UK CBI industrial orders
