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Manufacturing output falls - CBI/Accenture monthly Industrial Trends Survey
UK manufacturing output fell for the first time since February 2021 in the three months to August, with no growth expected in the three months ahead. That’s according to the latest monthly Industrial Trends Survey from the CBI and Accenture. Manufacturers also reported order books falling below “normal” levels, and expectations for selling price inflation picking up. The survey, based on responses from 257 manufacturers, found: Manufacturing output volumes fell in the three months to August (balance of -7%, from +6% in three months to July), marking the first time since February 2021 that output has declined. ... (full story)