UK faces steepest production slump since pandemic – data ...News

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UK faces steepest production slump since pandemic – data
The downturn has affected a record number of sectors across British industry, a Lloyds Bank report shows Economic output in the UK has fallen to its lowest level since nationwide lockdowns shut down parts of the economy during the Covid-19 pandemic, Lloyds Bank data reveals. In October, key areas of the British economy monitored by the UK Sector Tracker saw plummeting output on shrinking demand for goods and services. Twelve of the 14 sectors across manufacturing, services and construction experienced a drop in output last month, up from nine sectors in September. The number of industries which recorded a decrease

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