The UK’s manufacturing sector saw a widespread fall in output volumes in the three months to June, with the balance for reported output declining to its weakest since 2020 – according to the CBI’s latest Industrial Trends Survey (ITS). Manufacturers expect output volumes to fall again in the three months to September. Volumes of total and export orders were reported as below “normal” in June, with total order books standing at their weakest since September 2020. Selling price expectations eased in June, relative to May, but remain above historical norms. Stocks of finished goods were seen as adequate in June, broadly ... (full story)