UK DATA: CBI Monthly trends: Aug total orders -21 vs -6 Jul
-CBI: Aug output volume zero versus +11 Jul
-CBI Aug Average Expected Prices +1 vs -3 Jul
-CBI Aug Export Orders -17 vs -9 in Jul
-Aug Total order book lowest since December
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UK manufacturers’ order books slumped in August, after a
surprisingly strong outturn in July. The CBI’s total orders balance
plunged to -21 in August from -6, well below analysts median forecast
for a -10 outturn and the lowest outturn since December last year. The
data add to the evidence the UK manufacturing sector has stalled and
that the more upbeat July survey from the CBI appears to be a blip.