UK manufacturers' most pessimistic since financial crisis: CBI
LONDON (Reuters) - British manufacturers are the most pessimistic about the outlook than they have been at any time since the global financial crisis more than a decade ago because of the spread of coronavirus, a survey showed on Tuesday.
The Confederation of British Industry (CBI) said its measure of manufacturing expectations for the next three months sank to -20 from +8 in February.
The balance of order books for March also fell to -29 from -18 but that was slightly less of fall than expected in a Reuters poll of economists which had a median forecast of -35.