Latest data released by CBI - 22 October 2020
- Prior -48
- Trends selling prices 4
- Prior -1
UK manufacturing orders continued to fall, but the pace of the decline in October eased despite a resurgence in virus cases. The reading is still relatively low on a historical level but this is the highest since March with CBI noting that:
"Conditions remain tough in the manufacturing sector, with output and orders still down o nthe quarter, albeit to a lesser degree. The government must stay on the front foot when it comes to providing support for the sector and wider economy."
The CBI readings are a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.