UK August CBI trends total orders out a few moments ago 22 Aug
- 10 prev
- trends selling prices 19 vs 9 prev
Not prime data, more general info.
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. The reading is compiled from a survey of about 550 manufacturers.
Say the CBI:
- exporters are feeling the benefit from the lower pound in this month's figures, improved output growth is expected over the coming quarter.
- selling prices have rebounded, indicating continued squeeze on consumer. We expect CPI to top out at around 3% towards end 2017 and through 2018, as the effect of weak sterling continues
GBPUSD still trawling around 1.2835 after holding 1.2825 so far. 1.2850 should now provide some offers/res with larger back into 1.2975-80
EURGBP still 0.9159 going nowhere fast. Underpinned but near sell/res areas.
UK CBI trends orders mm
