UK confidence dips on ailing factory sector

BUSINESS morale has slumped again this month, according to research released this morning by accountants’ group BDO.

Economic growth in the UK has been “profoundly hampered by ongoing fragility in the manufacturing sector”, the group’s business trends report said.

The factory sector has been in contraction for two straight months, BDO said, with the risk of falling into recession. Its inflation index, meanwhile, has hit a 35-month high.