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Economy in Brief

UK's CBI Survey of Industry
by Robert Brusca November 19, 2008

UK orders rebounded ever so slightly from last month’s extreme weakness and still reside in the bottom 2% of their range since about 2000. Export orders have had the same response, making a token bounce in November. Stocks of finished goods are rated as at their highest levels indicating a problem build up with orders falling so fast.

Not surprisingly output volume for the next 3-months is rated at a net of -42 the weakest reading on record. Prices are still posted to make gains with a net +10 reading that is still in the top 21% of its range. So inflation pressures are proving sticky in the face of horrific weakness. The NTC (Markit) diffusion survey for Nov is not quite ready but its low readings essentially confirms the deteriorating picture from the CBI.

UK Industrial volume data CBI Survey
Reported: Nov
08
Oct
08
Sep
08
Aug
08
Jul
08
12MO Avg Pcntle Max Min Range
Total Orders -38 -39 -26 -13 -8 -4 2% 9 -40 49
Export Orders -31 -32 -25 -9 -7 -7 17% 3 -39 42
Stocks: FinGds 25 24 21 18 13 13 100% 24 -2 26
Looking ahead
Output Volume: Nxt 3M -42 -31 -16 -13 -7 1 0% 28 -31 59
Avg Prices 4Nxt 3m 10 23 31 34 28 25 79% 34 -19 53
From end 2000
Compare to CIPS MFG
    Oct
08
Sep
08
Aug
08
Jul
08
12MO Avg Pcntle Max Min Range
UK MFG   41.49 41.15 45.28 44.37 48.05 2% 56.3 41.15 15
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