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Manufacturing output growth accelerates, but confidence falls further
UK manufacturing output grew at its fastest pace in ten months over the quarter to May. Output still failed to keep pace with demand, however, as the volume of stocks of finished goods became less adequate compared with last month. The balance of firms expecting to raise selling prices in the three months ahead increased slightly, moving closer to March’s record high. The survey, based on the responses of 249 manufacturers, found: • Manufacturing output growth picked up in the three months to May (balance of +30 from +19% in the three months to April), with output increasing at the fastest rate since the three ... (full story)