UK Export Orders Plummet

November 21, 2019

The Quarterly International Trade Outlook (QITO) for Q3 2019, released by British Chambers of Commerce (BCC) and DHL today, reveals that indicators for exporting manufacturers in the third quarter (Q3) of 2019 have undergone large declines, with several key indicators for orders and cashflow now in negative territory.

The percentage balance of exporting manufacturers reporting an increase in export orders fell to –1 percent, down from +9 in the previous quarter. The balance of those reporting increased domestic orders fell to -4 percent in Q3, down from +8 percent in Q2.

The balance of exporting manufacturers reporting improved cash flow stood at -5 percent in Q3, down from +6 percent in Q2. In Q3 2018, one year ago, the balance stood at +13.

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Source: Lloyd’s Loading List