Output slumps to four-year low as economy contracts
UK business output has slumped to a four-year low, with many firms expecting orders to decline, according to a new report.
In its latest Output Index - which indicates how businesses expect their order books to develop over the next three months - BDO said the figure had fallen to 94.9 in June from 95.4 in May, dropping to the point of contraction, which is below 95.0.
Growth in existing order books has been slowing since the end of summer 2015 and BDO said this was indicative of an even weaker Q2 following subdued growth at the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
