September 23, 2024 10:00 GMT
UK DATA: CBI Price Expectations Soften; Order Books Deteriorate Further
UK DATA
UK CBI September Order Books Balance deteriorated to -35 (vs -22 in August) - the lowest since November 2023 and remains below the long run average of -13.
- Expectations for average selling prices for the next three months partially reversed last months jump printing 8 (vs 15 in August), broadly in line with the long run average of 7.
- This data follows the weaker than expected UK flash PMI this morning, with the PMI data noting prices charged inflation across the private sector economy eased to a 42-month low.
- Survey conducted between 23 August and 13 September, with 275 manufacturers responding.
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