Latest data released by the Confederation of British Industry - 21 August 2018
- Prior 11
- Trends selling prices 15 vs 14 expected
- Prior 13
Readings above 0 indicates optimism while below indicates pessimism. The headline is a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.
Factory orders slide to a three-months low despite decent export demand. However, expectations (selling prices) rose to the highest since May. CBI says that manufacturing growth remains strong, supported by the lower sterling and robust global economy.
A minor data point. Not one to have a significant impact on the pound on the day.
