–UK CBI: Oct Quarterly Business Optimism -30% Vs 16% Jul
–UK CBI: Oct Quarterly Volume Of Expected Output -11% Vs +6% Jul
–UK CBI: Oct Total Orders -18 Vs -9 In Sep
–UK CBI: Oct Output Volume -11 Vs +9 In Sep
–UK CBI: Oct Average Prices +1 Vs +13 In Sep
LONDON (MNI) – UK manufacturing optimism and output fell sharply
according to the Confederation of British Industry’s monthly and
quarterly surveys.
The data showed the impact of the euro zone crisis, with export
credit recording its tightest reading since back in 1968.
Ian McCafferty, the CBI’s chief economic adviser, said
“Manufacturers saw modest growth in orders and production over the past
quarter.
“However sentiment has deteriorated sharply and firms expect
sizeable falls in activity over the next 3 months. The quarterly fall in
sentiment is the largest since the height of the recession in mid-2009,”
he added.
–London bureau: 44 20 7862 7941; email: ukeditorial@marketnews.com
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