UK factory output dives to seven-year low as Brexit fears rise
by Richard Partington Economics correspondent from Economics | The Guardian on (#4PE4F)
Survey finds EU-based firms shunning UK manufacturers as risk of no deal mounts
UK manufacturers have recorded the sharpest drop in factory output for seven years as mounting concerns over a no-deal Brexit and the slowing global economy hit orders across the country.
The monthly snapshot from IHS Markit and the Chartered Institute of Procurement and Supply, which is closely watched by the Treasury for early warning signals from the UK economy, showed that activity fell in August to the lowest levels since July 2012.
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