British Manufacturing Output Falls at Fastest Pace Since 2020: Survey

Nissan employees make final checks to cars on the production line at Nissan's plant in Sunderland, northeast England, on July 1, 2021. Oli Scarff/AFP via Getty Images

British manufacturers’ output is falling at the fastest pace in more than two years, the UK’s largest business group has warned.

The volume of goods and services produced by factories fell by 9 percent in the three months to December 2022, according to the latest Industrial Trends Survey conducted by the Confederation of British Industry (CBI).