UK manufacturing output edges higher, 2023 outlook still pessimistic | Forexlive

UK quarterly gauge of manufacturing output rose to +21 in Q1 2023

• from +5 in Q4 2022
• highest since early in 2022 when it hit +24

This is from a survey conducted by trade group Make UK and accountants BDO.

Responses to questions also showed inflation pressure persisting:

• domestic and export prices rose slightly from the previous quarter, both with balances of +52%.

Looking ahead, output is expected to contract again, to -3.3% this year

• from -4.4% forecast at the end of 2022

Also from the UK earlier were this data: