Automotive Sector Suffering As Optimism Goes On Steep Decline ; Manufacturing Cbi Confidence Survey Exposes More Doom and Gloom in Association with Www.Rbs.Co.Uk

Summary


Manufacturers' confidence has seen its sharpest fall for 28 years during the "exceptional economic turbulence" of the past three months, the CBI has warned.

The latest quarterly CBI Industrial Trends survey also showed orders for UK-made goods had fallen at their fastest rate since 1999, much of which was driven by weak domestic demands.

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Extract


Automotive Sector Suffering As Optimism Goes On Steep Decline ; Manufacturing Cbi Confidence Survey Exposes More Doom and Gloom in Association with Www.Rbs.Co.Uk

A balance of 60 per cent of the 515 manufacturing firms surveyed said they were less optimistic about the general business situation than three months earlier, representing the fastest f...

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