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.
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…
