Latest data released by the Confederation of British Industry
- Prior reading 17
- Trends selling prices 23 vs 17 prior
As highlighted in my data preview, this is a survey on manufacturers to rate the level of volume for orders expected during the next 3 months. A volatile statistic that doesn't offer much - futuristic reading. By right, should be an indicator of sentiment - but the data lacks consistency in my opinion - though it does show cyclical readings in general.
A reading above 0 indicates optimism while below that pessimism.
