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UK October CBI trends total orders -34 vs -50 expected

Latest data released by CBI – 22 October 2020

  • Prior -48
  • Trends selling prices 4
  • Prior -1

UK manufacturing orders continued to fall, but the pace of the decline in October eased despite a resurgence in virus cases. The reading is still relatively low on a historical level but this is the highest since March with CBI noting that:

“Conditions remain tough in the manufacturing sector, with output and orders still down o nthe quarter, albeit to a lesser degree. The government must stay on the front foot when it comes to providing support for the sector and wider economy.”

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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