UK: CBI Manufacturing Order Book Balance Rises to Highest Level Since April 2019

The data from the UK showed on Friday that the CBI’s Manufacturing Order Book Balance improved sharply to its highest level since April 2019 at -5 in March from -24 in February. This reading beat the market expectation of -20 by a wide margin.

Further details of the publication revealed that the Manufacturing Output Expectations Balance jumped to its strongest level since August 2017 at 30 from -2 in February.