UK manufacturing output falls fastest since 2020 amid weak demand

UK manufacturing output fell sharply in Q4 2024, with volumes dropping at the fastest pace since mid-2020 (-25 per cent) and further declines expected by Q1 2025 (-31 per cent), per CBI.
Order books weakened significantly, export orders fell, and stocks of finished goods were high.
Selling price inflation rose.
Political instability and budget impacts drove low confidence.Read More