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20.03.2019 19:29

UK factory order growth slows more than expected in March

The Confederation of British Industry (CBI) released its monthly manufacturing survey on Wednesday, which revealed the UK’s factory order book balance fell to +1 in March 2019 from +6 in the previous month. This was still comfortably above the long-run average of -13%.

Economist had forecast the reading to come in at+2.

According to the report, expectations for output growth over the next quarter reduced softly (to +7 from this month from +8 in February), while export order growth accelerated (to +8 from +1). In addition, the present stocks of finished goods rose further (to +11 from +10) and expectations for price inflation for the coming three months weakened noticeably to their slowest pace since September 2016 (to +7 from +22).


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Market focus

  • German factory orders unexpectedly fell in October
  • BOJ's Harada says no need to take additional policy steps
  • Eurozone construction activity continues to grow in November
  • Eurozone GDP up by 0.2% during the third quarter, as expected
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