"… with Europe as our biggest export market and while the euro zone crisis continues unresolved, prospects for UK manufacturing will remain uncertain"
- Anna Leach, CBI head of economic analysis
U.K. industrial order expectations rose in July, said the Confederation of British Industry. The index measuring total order book balance increased to -6 in July from -11 in June, the highest level in four months.
"Despite a further escalation in the euro zone crisis, the survey shows some resilience in the UK manufacturing sector with sentiment about the general economic situation broadly stable," said CBI head of economic analysis Anna Leach.
"Both demand and production grew steadily in the three months to July and this is expected to continue over the next three months. However, with Europe as our biggest export market and while the euro zone crisis continues unresolved, prospects for UK manufacturing will remain uncertain."
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