UK July CBI trends total orders -32 vs -18 prior

• Prior -18

The manufacturing order book balance worsened again in July but the good news at least is that the expectations balance increased from 13 in June to 25 this month. The latter is the highest reading since March 2022. However, quarterly business optimism declined to -9 from +9 in April, marking the softest such reading since October last year.

This article was written by Justin Low at www.forexlive.com.