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UK Manufacturers See Weaker Demand; Output Fall Most Since 2020

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

UK manufacturers reported a slight fall in orders and their production declined at the fastest pace since late 2020, the Industrial Trends Survey results from the Confederation of British Industry showed on Monday.

The order book balance fell slightly to -6 percent in December from -5 percent in November. Nonetheless, the balance was better than the long run average of -13 percent and also economists' forecast of -9 percent.

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