UK manufacturers’ confidence rebounded in February to its highest level in a year, according to the latest Accenture / S&P Global UK Business Outlook, as expectations towards future activity picked up sharply from a record low in October.
At +53%, manufacturing sector firms expecting activity to increase over the next 12 months was the strongest recorded in over a year, and marked a significant uptick from the +24% registered in October 2022. UK manufacturers were more confident than all of their European peers, with optimism more than double the average seen in Europe…
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