"Despite facing continued instability within the Eurozone, UK manufacturers have seen a modest rebound in orders from both their domestic and export markets"
- Confederation of British Industry
U.K. industrial order expectations improved by more than expected in June, official data showed. An index measuring order expectations rose to minus 11 from minus 17 in May, the Confederation of British Industry said the previous week.
"Despite facing continued instability within the Eurozone, UK manufacturers have seen a modest re-bound in orders from both their domestic and export markets," said Ian McCafferty, CBI Chief Economic Adviser.
"As a result, firms are expecting output to pick up over the next quarter, although the pace of growth is still expected to be somewhat lower than earlier in the year."
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