UK December CBI trends total orders -40 vs -19 prior

• Prior -19

Ouch. That’s the biggest plunge in the order book balance since November 2020. Adding to that, the manufacturing output volume for the past three months also experienced its sharpest decline since August 2020. And for the coming three months, output expectations were the weakest since May 2020. It’s not a good sign as the economic slowdown begins to take a toll on the UK manufacturing sector.

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