UK factory orders hit highest since July 2023, CBI survey shows
The Confederation of British Industry (CBI) reported its September industrial orders balance improved to -9 from -25 in August, the highest level since July 2023. The cumulative 36-point gain over two months is the largest since records began 49 years ago. CBI senior economist Cameron Martin said there are growing signs the operating environment for manufacturers is stabilizing. Output expectations improved, while the expected price index fell to 12 from 22.
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UK supplier orders index plunges to -62 in September, lowest since 1983
The Confederation of British Industry (CBI) reported that its September supplier orders volume index fell to -62, a sharp decline from August's -29. This marks the lowest level since records began in 1983, indicating a severe contraction in UK manufacturing and supply chain activity. The data reflects deteriorating demand conditions and ongoing economic headwinds facing British industry.
Read sourceUK September CBI Industrial Orders Rise to -9 from -25, Highest Since July 2023
The Confederation of British Industry (CBI) reported on Tuesday that its monthly industrial orders balance for September rose to -9, up from -25 in August, marking the highest level since July 2023. The cumulative 36-point increase over the past two months is the largest two-month gain since records began 49 years ago. The data indicates growing resilience in the UK economy and robust manufacturing output. CBI senior economist Cameron Martin stated that there are increasing signs that the operating environment for manufacturers is stabilizing. The survey also showed an improvement in the output expectations index for the coming months, while the expected price index fell to 12 from 22 in August.
Read sourceUK September CBI Industrial Orders Rise to -9 from -25, Highest Since July 2023
The Confederation of British Industry (CBI) reported on Tuesday that its monthly industrial order balance for the UK rose to -9 in September, up from -25 in August, marking the highest level since July 2023. The cumulative 36-point increase over the past two months is the largest two-month rise since records began 49 years ago. The report indicates recent resilience in the UK economy and robust growth in manufacturing output. CBI senior economist Cameron Martin stated that there are increasing signs that the operating environment for manufacturers is stabilizing. The survey also showed an improvement in the output expectations indicator for the coming months, while the expected price indicator fell to 12 from 22 in August.
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UK Factory Orders Hit Highest Level Since July 2023, CBI Survey Shows
A survey by the Confederation of British Industry (CBI) released on Tuesday, September 22, shows that UK factory orders rose to their highest level since July 2023. The CBI's monthly order balance improved from -25 in August to -9 in September, marking a cumulative 36-point increase over the past two months, the largest two-month gain since records began 49 years ago. The report indicates recent resilience in the UK economy and robust growth in manufacturing output. CBI senior economist Cameron Martin stated that there are increasing signs that the business environment for manufacturers is stabilizing. The survey also showed an improvement in expectations for output over the coming months, while the expected price index fell from 22 in August to 12, its highest level since March of this year.
Read sourceUK September CBI Industrial Orders Balance Improves to -9 from -25
The Confederation of British Industry (CBI) reported that its monthly Industrial Order Book balance for September improved to -9, up from a revised -25 in August. The figure, which measures the difference between manufacturers reporting an increase in total order books versus those reporting a decrease, indicates that while UK factory orders remain in negative territory, the pace of decline has slowed significantly. The data suggests a potential stabilization in the manufacturing sector after a period of sharper contraction. The survey is closely watched by economists and policymakers as an early indicator of industrial production trends and broader economic health in the United Kingdom.