イギリス - 工場受注

The Confederation of British Industry's monthly order book balance rose 11 points to -26 in November 2019, the highest level since August and above market expectations of -31. The improvement from October's nine-year low was mainly supported by the EU extension of Brexit deadline until January 31st, while manufacturers remain under pressure from weak global trade and a subdued domestic economy. Export orders also rebounded from their lowest level since the 2008 financial crisis (-22 vs -41), while stocks rose further above “adequate” levels (17 vs 11). Looking ahead, firms anticipate output volumes and prices to be flat in the next three months.

The Confederation of British Industry's monthly order book balance slumped nine points to -37 in October 2019, the lowest level since March 2010 and below market expectations of -28. The export order book sub-index declined sharply (-41 vs -32), as well as that of stocks of finished goods (+11 vs +28) while the gauge of output expectations in the next three months remained subdued (-16 vs -19). Meanwhile, there was a sharp drop in domestic price expectations (+3 vs +12).

The Confederation of British Industry's monthly order book balance dropped to -28 in September 2019 from the previous month's -13 and below market expectations of -18. The gauge of output expectations in the next three months fell to its lowest level since April 2009 (-19 vs -1 in August), and the export order book sub-index also declined sharply (-32 vs -15). Meanwhile, there was a sharp increase in domestic price expectations (+12 vs -2) and stocks of finished goods (+28 vs +14).

The Confederation of British Industry's monthly order book balance rose to -13 in August 2019 from the previous month's nine-year low of -34 and above market expectations of -23. The downturn in export orders eased (-15 vs -32 in July) while output expectations deteriorated (-1 vs +6). Meanwhile, stocks of finished goods continued to increase (+14 vs +18) while the gauge of expected selling prices fell to its lowest level since February 2016 (-2 vs +12).

The Confederation for British Industry's monthly factory orders balance declined 19 points from a month earlier to -34 in July of 2019, well below market expectations of -15. It is the lowest level since April of 2010, mainly due to a strong fall in export orders (-32 vs -12 in June). Also, domestic price expectations jumped (+12 vs +4) while stock of finished goods increased (+18 vs +12) and the outlook for the next three months improved (+6 vs +3).

The Confederation for British Industry's monthly factory orders balance declined five points from a month earlier to -15 in June 2019, its lowest level since October 2016 and below market forecasts of -12. Stocks of finished goods fell from a ten-year high in May (+12 vs +25 in May), mostly due to the motor trades sector, while export orders improved slightly (-12 vs -16). Meantime, output growth outlook for the next three months remained unchanged (+3, the same as in May) while domestic price expectations increased (+4 vs -1).