UK: CBI Manufacturing Order Book Balance falls to -7 in August

Results from the latest survey released on Tuesday by the Confederation of British Industry (CBI) of trends in British manufacturing showed that the Manufacturing Order Book Balance dropped to -7 in August from +8 in July. This reading missed Reuters’ estimate of +3 and it was the first negative reading since April 2021.

Further detail of the publication revealed that the Manufacturing Export Orders Balance remained unchanged at -12 and the Price Balance for the next three months climbed to +57 from +48.