-
Amid gloomy outlook for manufacturers, investment plans hit post-financial crisis low - CBI Industrial Trends
Manufacturing output continued to fall in the quarter to October, driven largely by a significant decline in the motor vehicles and transport equipment sub-sector, according to the CBI’s latest quarterly Industrial Trends Survey. The survey of 258 manufacturing firms also showed that prospects for the following quarter are downbeat, with firms anticipating output to deteriorate at a slightly faster rate in the three months to January. Business optimism has taken a significant hit, falling at the fastest pace since July 2016, and optimism about exports for the year ahead deteriorated to the greatest degree in ... (full story)