US EditionManufacturing Output Falls At Joint-Steepest Pace In Four Years
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Manufacturing Output Falls At Joint-Steepest Pace In Four Years
Manufacturing output volumes fell in the three months to May, at the joint-steepest pace since August 2020, according to the CBI’s latest monthly Industrial Trends Survey (ITS). Looking ahead, output is expected to fall further over the three months to August.Total order books weakened marginally in May, relative to April, while export order books improved from a sharply negative reading last month. But both total and export order books remain w…
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