UK: CBI orders to slip from 14 to 11 – TDS

After the sharp fall in the manufacturing PMI over the last two months, markets are looking for UK CBI orders to slip from 14 to 11, suggests the research team at TDS.

Key Quotes

“For an indicator that has a 5-year average of about -1.2, this would still be a solid reading. Last month saw the domestic prices balance rise to +40, its highest level since 1984, so we’ll be watching to see if that sub-index recedes alongside crude oil prices.”