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Manufacturing output falls and order books deteriorate – CBI Industrial Trends Survey
Manufacturers reported that output volumes fell in the three months to November, disappointing expectations for expansion, according to the CBI’s latest Industrial Trends Survey. Manufacturers expect output volumes to decline further into the new year. A more subdued outlook for production comes as order books fell to their weakest level since the second COVID-19 lockdown in early 2021. Both total and export order books were reported as below normal in November, to the greatest extent since January and February 2021 respectively. The survey, based on the responses of 232 manufacturers, found: Output volumes fell in ... (full story)