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UK CBI industrial trends orders improve in August, lower sterling price to support UK exports

Tuesday, August 23, 2016 3:35 PM UTC

The Confederation of British Industry (CBI) industrial trends for orders in August improved to -5. According to the previous month’s CBI data for the post-‘Brexit’ period, forecasts have been pessimistic for the outcome, with a decline expected from -4 points to -6.

The Confederation of British Industry (CBI) Industrial Trends Orders is a leading indicator of business conditions. It measures the economic expectations of the manufacturing executives in the U.K.

Detalis of the report showed that price expectations for 3 months to November rose to its highest since Feb 2015. Manufacturing export order balance came in at -6 compared to -22 in the previous month, strongest Aug 2014. UK CBI says lower sterling price may helping overseas demand for UK exports.

CBI industrial trends data will be followed tomorrow with the BBA mortgage approvals figure for July, which is expected to dip slightly from 40.1k to 38.8k.

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UK CBI industrial trends orders improve in August, lower sterling price to support UK exports

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