Economic Buzz: UK Manufacturing Output And Order Grow At Slow Pace

26 Jul 2022 , 02:52 PM

The UK manufacturing output and orders grew at slower rates in the quarter to July, following a period of exceptionally strong growth over the previous year, the Industrial Trends survey results from the Confederation of British Industry/Accenture showed. The output balance fell to +6 percent in three months to July from +25 percent in the quarter to June. Business optimism declined for the third straight quarter. Nonetheless, the score rose to -21 percent from -34 percent in the quarter to April. Although average costs in the quarter to July increased at a slightly slower pace compared with the previous quarter, the balance still remained at 82 percent. Powered by Commodity Insights