UK economy slows as factories report output slump

Britain's private sector slowed to a crawl in August as factory output fell and the larger services sector eked out only a modest expansion, adding to signs that recession may be looming, a closely watched survey showed on Tuesday.

by | 23 Aug, 2022

However, inflation pressure remained high and the approaching downturn was unlikely to keep the Bank of England from raising interest rates again next month, economists said.

Read more at Reuters

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