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UK Manufacturers Expect Sharp Fall In Output In Months Ahead: CBI

September 21, 2022

UK manufacturers reported a marginal fall in production in the three months to September but they expect a much sharper decline over the coming three months, monthly Industrial Trends Survey from the Confederation of British Industry and Accenture showed Wednesday.

A net 4 percent of manufacturers said their output decreased in the three months to September compared to -7 percent in August. However, output is forecast to decrease at a faster pace in the next three months with the balance falling to -17 percent.

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