Economic Indicators12 hours ago (Apr 23, 2020 06:15AM ET)
(C) Reuters. A car is seen on the production line at Nissan’s car plant in Sunderland Britain
LONDON, Reuters – The mood across British manufacturers has ebbed to its lowest since records began in the 1950s, according to another survey on Thursday that showed the coronavirus lockdown has lashed the economy.
The Confederation of British Industry’s quarterly gauge of business optimism fell to a record low -87 in April from +23 in January.
“Manufacturers have taken a sharp hit during the shutdown in response to COVID-19, with this survey revealing some record lows,” said Rain Newton-Smith, CBI economist.
“Given the uncertainty over how long the shutdown may have to last, it’s little surprise to see businesses putting investment plans on ice as they work hard to get through this intact.”
UK factories’ mood hits lowest since records began in 1950s: CBI
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.