According to the CBI’s latest Industrial Trends Survey, UK manufacturing output volumes fell at a sharp pace in the quarter to August, after being broadly flat in July. Manufacturers also expect output to fall again over the next three months to November. Output decreased in fourteen out of seventeen sub-sectors in the three months to August, with the fall in output being driven by the chemicals, paper, printing & media, and metal products sub-sectors. Total and export order books were also both reported as below “normal” and were below their long-run averages. To read the CBI’s news release, go to https://www.cbi.org.uk/media-centre/articles/manufacturing-output-volumes-fall-in-three-months-to-august-cbi-industrial-trends-survey/.