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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 SEP CBI IND. TRENDS TOTAL ORDERS -2 (FCST -13); AUG -7
UK SEP CBI IND.TRENDS SELLING PRICES 59 (FCST 52; AUG 57
- The CBI manufacturing trends report highlighted a sharp fall in output expectations for Q4, the weakest growth expectations since late 2020. The small decline in total order books implied that demand had remained broadly normal in September.
- Economic uncertainty, waning demand and high energy prices continue to pose significant challenges.
- Price expectations remained substantially elevated into the end of 2022, signalling that factory-gate price expectations are yet to ease. The limitation to upside inflation expectations from the energy price support scheme will likely see a 50bp hike rather than a 75bp hike on Thursday (preview here).
- As the Bank of England continues to hike rates and prioritise getting a handle on inflation, slowing investment appetite will add pressure to a weakening manufacturing sector into year-end.
Source: CBI
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.
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