BRITAIN'S manufacturing industry is becoming more cautious and now expects a slow climb out of recession, a survey showed yesterday.
The quarterly survey by the CBI of 916 manufacturers showed firms expected a slower recovery in orders and output over the next four months.
The CBI said firms still expected orders and output to rise over the coming quarter, but expectations were not as strong as previously.
Of those surveyed, 22 per cent were more optimistic than in its April survey and 18 per cent less optimistic, giving a balance of plus four per cent, compared with plus 21 per cent the previous quarter.
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