British Manufacturing Output Falls at Fastest Pace Since 2020: Survey

[Epoch-Times-Bot]

British Manufacturing Output Falls at Fastest Pace Since 2020: Survey

British manufacturers' output is falling at the fastest pace in more than two years, the UK's largest business group has warned.
The volume of goods and services produced by factories fell by 9 percent in the three months to December 2022, according to the latest Industrial Trends Survey conducted by the Confederation of British Industry (CBI).
This was a steep drop from the 18 percent rise in output reported in the previous three months to November, and means it contracted at the fastest pace since September 2020.
The CBI blames the fall on high inflation and soaring energy prices, and expects manufacturing output to fall by another 10 percent in the three months to March 2023....

Source: British Manufacturing Output Falls at Fastest Pace Since 2020: Survey

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