CBI Industrial Orders Expectations

From Forexpedia

The Confederation of British Industry is the UK’s top business lobbying organization. They work with the British government, international legislators, and policymakers in creating and sustaining suitable conditions for UK businesses.

Data Covered

The CBI conducts a survey of manufacturers asking respondents to rate the level of industrial orders volume expected for the next three months. Unlike most economic reports, the survey gets qualitative information by asking what manufacturers think about the current and future business environment.

Data Release

The CBI industrial orders expectations is released monthly, around the third week of the month. A positive reading indicates that increasing order volume is expected while a negative reading reflects expectations for decreasing order volume.

Currency Impact

Currency traders usually see increasing order volume as leading indicator of economic activity. Rising order volumes are considered bullish for the domestic currency because it could mean future growth and could lead to rate hikes.

CBI Homepage - http://www.cbi.org.uk/