UK May CBI trends total orders 19 vs 17 prior
Latest data released by CBI - 22 June
- 18 expected
- 17 prior
The CBI readings are a survey on manufacturers to rate the level of volume for orders expected during the next 3 months. Factory output expectations the strongest since 1982 and order books strongest since 2019. Bodes well for a strong UK recovery into 2H. Think the GBP looks good value ahead of the BoE against the euro.