Optimism among British manufacturers has fallen at the sharpest pace since the first coronavirus pandemic lockdown in April 2020 as firms struggle to contend with spiraling costs, new figures reveal.
According to the CBI’s latest quarterly Industrial Trends Survey, optimism re the business situation fell to -34% from -9% in January, while optimism re export prospects for the year ahead dropped to -28% (down from -20% in January). Britain’s manufacturers are also facing the sharpest rise in costs since 1975 and are feeling increasingly gloomy…
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