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

Adel 23 March, 2021 3:21 pm Market Update

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. 

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