Latest data released by CBI - 19 June 2019
- Prior -10
- Trends selling prices +4 vs -3 expected
- Prior -1
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. The headline reading drops further again and continues to hold at its weakest level since October 2016.
Despite a slight improvement in export order book balance, manufacturing order book balance fell to -15 which is also the weakest since October 2016. Not great signs at all as the backlash continues after the Brexit stockpiling in Q1.
