Output volumes in the three months to October fell at their slowest pace since March 2020, according to the latest CBI quarterly Industrial Trends Survey. Output dropped in 10 out of 17 sub-sectors, with the headline decline driven by the aerospace sector. The survey of 310 manufacturing firms found that total new orders were broadly flat in the three months to October following their sharp drop in July and a total of five successive quarters of decline. Domestic orders picked up slightly, while export orders fell at a much slower pace than the previous quarter. Headcount in the quarter to October fell at a slower ... (full story)