Optimism among manufacturers is falling at its sharpest rate on the back of slowing output and spiraling costs, according to the Confederation of British Industry
The companies surveyed by the CBI said their confidence to invest in things such as plants and machinery, training and buildings had weakened compared to January as costs soar.CBI deputy chief economist Anna Leach said: “The war in Ukraine is exacerbating the Covid-related supply crunch, with cost increases and concerns over the availability of raw materials at their highest since the mid-1970s.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elisabeth Moss reveals she is getting broody as she approaches 40As a sex slave in the dystopian TV series The Handmaid's Tale, Elisabeth Moss is forced to produce children for the ruling class of men - but that hasn't put her off starting her own family.
Read more »
One child dies but more than 40 people are saved after boat sinks off TripoliLebanese Red Cross says about 60 people were onboard boat that departed from Qalamoun area
Read more »
As William turns 40, ROBERT JOBSON analyses his transformationROBERT JOBSON: I've met William many times. I've watched him develop from a slightly awkward young man into one who's decisive and self-confident.
Read more »
A Place in the Sun's Laura Hamilton, 40, shares snaps of lush birthday party with co-starLAURA HAMILTON has taken to social media to show her followers an insight into her lavish 40th birthday celebrations.
Read more »
Crowd of 10,000 joins Kiltwalk in GlasgowOrganisers say this year's annual fundraising event has raised about £3m for Scottish charities.
Read more »
Netflix 'cancels multiple TV series and movies' amid huge subscriber lossPopular streaming service Netflix saw it's stock price fall by almost 40 per cent after it announced a loss of 200,000 subscribers earlier this month
Read more »