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FX.co ★ UK Factory Orders Gauge Hits 5-Month Low: CBI

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typeContent_19130:::2025-06-24T10:33:09

UK Factory Orders Gauge Hits 5-Month Low: CBI

The Confederation of British Industry (CBI) reported that the monthly net balance of new orders fell to -33 in June 2025, marking the lowest level since January and missing predictions of -27. Despite this downturn, businesses anticipate a moderation in the decline for the upcoming quarter. Both total and export order books continued to show weakness, remaining below their historical averages. Meanwhile, finished goods stock levels were reported to be less than average, and although expectations for selling price inflation moderated, they remained high. Output decreased in 14 out of 17 sub-sectors, with significant drops in chemicals, metal products, and mechanical engineering. The forecast for selling price inflation reduced to +19% from the previous +26%, yet it remained above the long-term average of +7%. Stock adequacy dropped to +6%, falling short of the long-term norm of +12%. CBI Economist Ben Jones highlighted that manufacturers are contending with challenges like high energy and labor costs, skill shortages, and global instability. He urged the government to take swift action on energy support, implement training reforms, and promote technology adoption to foster short-term growth and stimulate long-term investment.

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