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UK manufacturing output falls in March as order books remain weak: CBI
UK manufacturing output fell sharply in the three months to March, with 14 of 17 sub-sectors reporting declines, as per CBI. Order books remained weak, though export orders saw slight improvement. Selling price expectations stayed high, and stock levels rose. Despite modestly improved output expectations, firms remain cautious due to investment hesitancy and rising costs.
UK manufacturing output fell sharply in the three months to March, with 14 of 17 sub-sectors reporting declines, as per CBI.
Order books remained weak, though export orders saw slight improvement.
Selling price expectations stayed high, and stock levels rose.
Despite modestly improved output expectations, firms remain cautious due to investment hesitancy and rising costs.
