Source Confederation of British Industry (latest release)
Measures Level of a diffusion index based on surveyed manufacturers;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, around 3 weeks into the current month;
Next Release Mar 19, 2015
FF Notes Above 0 indicates increasing order volume is expected, below indicates expectations are for lower volume;
Why Traders
Care It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their expectations can be an early signal of future economic activity such as spending, hiring, and investment;
Derived Via Survey of about 550 manufacturers which asks respondents to rate the relative level of order volume expected during the next 3 months;
Also Called Industrial Trends Survey;
Acro Expand Confederation of British Industry (CBI);