Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK DATA
MNI (London)
UK JUN CBI INDUSTRIAL ORDERS -15 (FCST -18); MAY -17
UK JUN CBI INDUSTRIAL EXPECTED SELLING PRICES +19 (FCST +20); MAY +21
- The CBI Industrial Trends survey flagged another month of weak production in June. The report highlighted a small reduction in output volumes alongside a dip selling price projections.
- CBI industrial price expectations cooled to the lowest since February 2021, yet remain above the historical average. This supports a continuation of the current downwards trend in factory-gate inflation. This morning's May PPI cooled to +2.9% y/y (down 2.3pp) for output and to +0.5% y/y (down 3.7pp) on the input front.
- The UK manufacturing PMI dipped further into contraction in May and consensus is looking for the PMI to edge lower by 0.3pp to 46.8 in the June prelim data due on Friday. Weak new orders are outweighing boosts to production provided by easing supply-chain pressures. With demand softening and higher interest rates biting into investment appetite, outlooks for the UK industrial production remain lacklustre.
Source: CBI Industrial Trends Survey
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok