Latest data released by CBI - 26 April 2019
- Prior 1
- Trends selling prices 1 vs 8 expected
- Prior 7
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.
There's quite a bit of negatives from the report here as the headline shows the order book balance falling to its weakest level since October last year. Quarterly manufacturing output balance comes in at 11 vs the January reading of 16, representing the lowest level since October 2016. Also, the report indicates that quarterly manufacturing new orders expectations balance falls to its weakest since October 2011 while export expectations fall to their weakest since July 2009.
Those are some rough expectations for the UK economy as we begin Q2 2019. As mentioned before, if economic growth in Q1 was boosted by stockpiling, the bullwhip effect will see the UK economy suffer a more pronounced backlash once the euphoria fades.
