UK manufacturing output declined at the joint steepest pace since August 2020 in the three months to May and output is expected fall further over the coming three months, a survey from the Confederation of British Industry showed on Thursday.
A net 25 percent of manufacturers said output declined in the three months to May and at the joint-steepest pace since August 2020, the latest monthly Industrial Trends Survey showed. A balance of 14 percent expects output volumes to fall again in the three months to August.
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by Renju Jaya
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