Monitor UK CBI Industrial Order Expectations to gauge future economic activities like spending and hiring.
This is a primary indicator of economic vitality; businesses tend to respond swiftly to market conditions, and shifts in their expectations can provide early insights into future economic activities like spending, hiring, and investment. A reading above 0 suggests an anticipated increase in order volume, while a reading below indicates an expectation of reduced volume.
What it Measures
A diffusion index level based on responses from manufacturers.
Usual Effect
When the actual figure exceeds the forecast, it is considered favorable for the currency.
Source & Frequency
Confederation of British Industry (latest release) - https://www.cbi.org.uk/ • Released monthly, typically three weeks into the current month.
How Data is Derived
Survey of about 250 manufacturers which asks respondents to rate the relative level of order volume expected during the next 3 months
Also Known As
Industrial Trends Survey
Acronym
Confederation of British Industry (CBI)