UK manufacturers’ outlook for production over the next three months is the least negative since June 2008, the Confederation of British Industry said today (Wednesday).
In the CBI’s latest industrial trends survey 32% of UK manufacturers said they expected output volume to fall over the next three months, while 27% said it should increase. The resulting balance of -5% is the least negative prediction since June 2008 (+2%) and was touted as evidence by the CBI that destocking initiatives are…
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