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.
Continue reading...