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20.08.2019 18:17

UK manufacturers’ order book balance improves in August

The latest survey by the Confederation of British Industry (CBI) showed on Tuesday the UK manufacturers’ order books remained below normal in August, but to a lesser extent than in July.

According to the report, the CBI's monthly factory order book balance increased to -13 in August from -34 in the previous month. That was the highest reading since May and in line with the long-run average. Economists had expected the reading to increase to -23.

According to the report, present stocks of finished goods were reported as above adequate, but were roughly in line with the long-run average.

The survey also revealed manufacturers expect to keep output prices in the next three months broadly unchanged, - the lowest balance since February 2016.


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