UK: CBI orders to slip from 14 to 11 – TDS

Sandeep Kanihama FXStreet Contributor

After the sharp fall in the manufacturing PMI over the last two months, markets are looking for UK CBI orders to slip from 14 to 11, suggests the research team at TDS.

Key Quotes

“For an indicator that has a 5-year average of about -1.2, this would still be a solid reading. Last month saw the domestic prices balance rise to +40, its highest level since 1984, so we’ll be watching to see if that sub-index recedes alongside crude oil prices.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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