A new BDO survey found optimism among British manufacturers plummeted for the month of March, as weak consumer demand continued to hurt confidence.
The accountancy firm’s business trend report found optimism fell from a reading of 94.5 in February to 88.2 in March, while in a further blow, the firm’s Output Index also declined from a reading of 94.1 to 92.4. It stated manufacturer confidence has been hit by the depreciating value of sterling, coupled with weak demand…
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