UK March CBI trends total orders -5 vs -20 expected

Latest data released by CBI – 23 March 2021

  • Prior -24
  • Trends selling prices 20
  • Prior 3

The headline reading shows factory orders balance jumping to a near two-year high, as it is the highest since April 2019. Meanwhile, output expectations balance was seen at 30 – up from -2 in February – and that is the highest since August 2017.

This reflects added optimism in UK economic expectations and reaffirms the narrative that there is a growing view that the UK will recover rather robustly going into 2H 2021.

The CBI readings are a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.
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