UK Firms Expect Activity Drop, Despite Fragile Confidence

UK private sector firms anticipate a decline in activity over the next three months, according to a CBI survey. The weighted balance stands at minus thirteen percent, indicating an overall slowdown. Declines in distribution sales and manufacturing output are causing pessimism, while service volumes are also expected to decrease, impacting consumer-facing businesses. Despite this, business and professional services have a positive outlook. This is the least downbeat private sector mood since November 2024, but business confidence remains fragile due to higher costs, weak demand, and low investment. Workforce numbers are expected to decrease further in May due to new rules in the Employment Rights Act. Support the showGet a discount at https://solipillow.com/discount/dnn. Advertise on [email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected] View sources & latest updateshttps://sources.thednn.ai/9bcb40e664f6590f