UK manufacturers’ growth expectations strongest on record


© Reuters. FILE PHOTO: Machines produced by Bruderer Uk Ltd are seen inside the company’s factory in Luton, Britain, January 24, 2020. Picture taken January 24, 2020. REUTERS/Henry Nicholls

LONDON (Reuters) – British manufacturers’ expectations for growth in output over the next three months is the strongest on record as the economy bounces back from the coronavirus pandemic lockdowns, the Confederation of British Industry said on Thursday.

The CBI said its quarterly survey of manufacturers showed surging levels of employment but also acute inflation pressures with average costs growth in the three months to July accelerating to hit their fastest pace since 1980.

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