Article 5GXW8 UK manufacturers record sharpest rise in optimism since 1973 as Covid recedes

UK manufacturers record sharpest rise in optimism since 1973 as Covid recedes

by
Richard Partington Economics correspondent
from on (#5GXW8)

CBI poll of 288 leading companies finds firms plan to hire at fastest rate in nearly 50 years

UK manufacturers have recorded the sharpest rise in optimism since 1973 amid growing demand as Covid lockdown measures are relaxed, the latest snapshot of activity from the CBI shows.

In a poll of 288 leading industrial companies, the employers' organisation found business sentiment increased in the three months to April at the fastest pace since April 1973, as progress with the Covid vaccine raised hopes for a rapid return to relative normality later this year.

Related: A year of Covid crisis: a glimmer of economic hope at the end of the tunnel

(March 8, 2021) Step 1, part 1

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