UK March CBI trends total orders 1 vs 5 expected

Latest data released by CBI – 20 March 2019

  • Prior 6
  • Trends selling prices 7
  • Prior 22


Readings above 0 indicates optimism while below indicates pessimism. The headline is a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.

Factory orders slipped despite the fact that export orders for March recorded +8 compared to the +1 in February. Once again, Brexit uncertainty continues to weigh on the outlook of the UK industrial sector and that is still very much reflected in sentiment here.

Not a major release by any means though. GBP/USD sits at 1.3241 currently, off lows earlier around 1.3215-20 levels with support around 1.3216 still holding firm.

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