UK Manufacturing Confidence Hits Pandemic Lows
British manufacturers report the lowest business optimism since April 2020 as Middle East conflict impacts supply chains. Expected prices saw a record monthly jump.
Xurve View
Xurve View
Manufacturing sentiment across the United Kingdom has plummeted to its lowest level since the onset of the COVID-19 pandemic, as geopolitical instability and surging costs weigh heavily on the industrial sector. According to the latest quarterly survey from the Confederation of British Industry (CBI), business optimism has collapsed amid the ongoing conflict involving Iran, which has triggered a sharp spike in inflationary expectations.
