U.K. business expectations at highest since 1973

Order expectations among British manufacturers improved for the second quarter of this year as expectations for output and domestic orders growth hit the strongest levels since 1973, a report released by the Confederation of British Industry unveiled on Wednesday. According to the report, the country's order book balance gained to 21% in the Q1, the most since 1995, while general business expectations jumped to 33%, the highest since 1973.