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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 CBI APR INDUSTRIAL ORDERS -20 (FCST -21); MAR -20
UK CBI APR INDUSTRIAL PRICES NXT 3 MONTHS +23 (FCST 20); MAR +25
The April CBI industrial trends survey flagged another month of falling output, yet prices continue to trend downwards.- April order books continued to contract at March levels, whilst the three-month rate of output volumes fell at one of the fastest paces since 2020.
- Average price expectations for the coming three months slowed slightly, and were significantly lower than in February despite remaining elevated compared to the long-run average.
- UK manufacturing faced a tough Q1, having contracted in January and February data and appearing likely to drag on Q1 GDP. With the manufacturing PMI edging further into contraction in the April flash data, Q2 likely had a weak start as firms continue to grapple with persistently high energy costs and soft demand.
- Despite sentiment remaining downbeat, the April CBI output expectations for the upcoming three months were positive, albeit a little softer than in the month prior.
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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