Gold prices steady ahead of Fed decision, Trump’s tariff deadline
Investing.com - Britain’s manufacturing sector has stabilised following a downturn, but continues to face significant challenges, according to a survey released by the Confederation of British Industry (CBI) on Thursday.
The CBI survey revealed that despite the stabilisation, manufacturers are still holding back on investments and continuing to cut jobs, indicating persistent uncertainty in the sector.
"Conditions in UK manufacturing remain challenging, with many firms reporting subdued and unpredictable demand," said Ben Jones, lead economist at the CBI, highlighting the difficult business environment facing manufacturers.
The CBI’s lead economist further noted that "high input costs, labour shortages and global supply chain disruptions are continuing to put pressure on margins and capacity," underscoring the multiple headwinds the sector continues to navigate despite its recent stabilisation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.