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UK Manufacturing Output Falls; Selling Price Inflation Expectations Slow: CBI

February 21, 2023

The UK manufacturing output declined in February at the fastest pace since September 2020 and selling price expectations slowed to the lowest since early 2021, survey data showed on Tuesday.

A net balance of -16 percent of manufacturers said output volumes declined in three months to February compared to -1 percent in three months to January, the Industrial Trends Survey from the Confederation of British Industry revealed. This was the weakest balance since September 2020.

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