Two-thirds of manufacturers fear UK recession in the next year
Two-thirds of manufacturers fear the UK will enter recession in the next year, a survey has found. Uncertainty around Brexit and the effects of international trade wars are also negatively affecting manufacturers confidence, said Lloyds Bank’s commercial wing after surveying more than 200 British companies.
Business confidence based on the outlook for sales, orders, and profits has dropped from 30% in January to 24% for the manufacturers, two-thirds of which are exporters.