Article 65B3W UK manufacturing faces deep recession as output slumps

UK manufacturing faces deep recession as output slumps

by
Phillip Inman
from on (#65B3W)

Factory output likely to fall further as consumers' real incomes are hit by inflation, economists say

The UK's manufacturing sector stood on the brink of a deep recession in October after firms suffered their worst slump in output and new orders since the beginning of the pandemic.

Factory output was hit especially hard by a drop in new orders amid a global fall in the demand for industrial goods.

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