Economic Indicators
UK business sentiment weakest in two years before budget, CBI says
2024.10.24 06:39
LONDON (Reuters) – Sentiment among British manufacturing companies fell at the fastest pace in two years ahead of finance minister Rachel Reeves’ first budget next week, a survey showed on Thursday.
The Confederation of British Industry’s measure of business sentiment dropped in the three months to October to -24% from -9% in the three months July.
Factories also reported easing cost pressures which rose at their slowest pace in four years.
