06/02/2012 08:30 AST

Confidence among British small-scale manufacturers declined for a third consecutive quarter during the three months to January, reports said Monday citing a survey by the Confederation of British Industry (CBI).

CBI's quarterly SME Trends survey revealed that manufacturers' sentiment regarding the general business conditions fell due to decrease in domestic as well as export orders. The ongoing concerns regarding the Eurozone debt crisis have also exacerbated the situation.

"The manufacturing sector is still facing significant headwinds, which can only add to existing uncertainty over demand and growth," Lucy Armstrong, Chair of the CBI's SME Council, was quoted as saying.


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