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READ MOREUK factory growth slows to weakest in 18 months as business optimism falls
Growth in UK factories’ order books and output has slowed to its weakest in 18 months as cost pressures, supply bottlenecks and softer demand hit British industry.
The latest update on manufacturing from the CBI found business optimism fell for a third quarter running amid signs that the strong expansion of the past year has come to an end.
Despite the slowdown, the employers’ lobby group said there had been solid growth in factory jobs and welcomed evidence of a pickup in investment intentions.
Read more at The Guardian
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