UK CBI: Manufacturing prospects muted after Brexit

The latest industrial sector report from the UK’s Confederation of British Industry (CBI) released Monday showed that business optimism fell at the sharpest rate since Jan 2009 in wake of the Brexit decision. This report holds importance as the UK CBI survey was conducted post EU referendum.

Key Details:

UK CBI industry trends: Jul total orders -4% vs -2% Jun

UK CBI Jul industry output volume past 3m +16% vs +11% Jun

UK CBI Jul average prices next 3m +5% vs +1% Jun

UK CBI Jul industry output volume next 3m +6% vs +23% Jun

UK CBI Jul quarterly business optimism -47% vs -5% Apr

UK CBI Jul quarterly total order +9%; vs -4% Apr