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Ekonomické zprávy
24.11.2021

UK manufacturers’ order book balance rises much more than anticipated in November

The latest survey by the Confederation of British Industry (CBI) showed on Wednesday the UK manufacturers' order books jumped in November, hitting the highest level on record.

According to the report, the CBI's monthly factory order book balance soared to +26 in November from +9 in the previous month, which was the lowest positive reading in six months. The November figure represented the highest on record (since April 1977). Economists had forecast the reading to improve to +13. The survey also revealed that export order books (+3 from -7 in October) climbed to their highest balance since March 2019. 

In addition, the CBI announced that output volumes in the three months to November (+17) rose at a similarly strong pace to the last two months. It was expected that output growth would quicken noticeably in the next quarter (+32).

In other survey results, stock adequacy (-16) deteriorated to its weakest on record. In addition, manufacturers’ expectations for output price growth in the coming quarter (+67) were at their strongest since May 1977.

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