"The economic environment for UK manufacturers remains challenging…"
- Anna Leach, CBI Head of Economic Analysis
U.K. industrial order expectations worsened in August, a survey conducted by the the Confederation of British Industry (CBI) showed. An index measuring expectations fell to minus 21 from minus 6 in July.
"Overall demand for manufactured goods has eased back this month, led by a weakening in the consumer goods sector following a strong July figure. This sector also contributed to the weakening in output expectations for the next three months, alongside investment goods," said Anna Leach, CBI Head of Economic Analysis.
"The economic environment for UK manufacturers remains challenging, with domestic demand relatively muted and the ongoing Eurozone crisis now seeming to drag on broader global economic momentum."
The FTSE 100 Index erased 1.42 per cent, or 83.32 points to 5,774.20. The broader FTSE All-Share Index declined 1.38 per cent to 3,002.95.
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