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Manufacturing output falls at the fastest pace since September 2020 – CBI Industrial Trends Survey
Manufacturers reported the sharpest fall in output volumes since September 2020, according to the CBI’s latest Industrial Trends Survey. Motor vehicles & transport equipment, mechanical engineering, paper, printing & media, and chemicals sub-sectors drove the decline in output over the three months to August. Looking ahead, output volumes are expected to stabilise in the next three months. Firms anticipate that price pressures will continue to ease going forward, with expectations for selling price inflation over the next three months at their softest since February 2021. The survey, based on the responses of 277 ... (full story)