According to a survey published by the Confederation of British Industry (CBI) on Wednesday, small UK manufacturing firms are their most pessimistic since just after the Brexit referendum in 2016 amid UK political uncertainty and looming trade war risks.
Additional Details (via Reuters):
“The CBI’s gauge of optimism for small and medium-sized manufacturers fell to -32 in the three months to the end of October, down from -28 in the three months to July.
Companies reported weak new orders – especially from clients in Britain – and little enthusiasm to raise investment spending.”
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