UK June CBI trends total orders -15 vs -17 expected

  • Latest data released by CBI - 21 June 2023
  • Prior -17

Slight delay in the release by the source. The order book balance did rose to a six-month high to from -17 in May to -15 in June but export order balance declined once again to -29, its weakest since February 2021. CBI notes that UK manufacturing activity is likely to have shrunk in Q2 amid weaker demand conditions.

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