Latest data released by the Confederation of British Industry - 20 February 2019
- Prior -1
- Trends selling prices 22 vs 16 expected
- Prior 18
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 pick up for the month of February as orders come in stronger than expected. Export order growth also strengthened slightly but CBI notes that headwinds from Brexit uncertainty have grown so that will weigh a bit on the industry's outlook down the road.
Not a major release by any means. The pound holds weaker on the day as we gear towards a Tory lawmakers split later in the afternoon before May meets with Juncker in Brussels later this evening. Cable sits near the day's low now at 1.3028.
