Private sector companies say output and employment has fallen at the sharpest rate – excluding during the pandemic – since 2009
Martin Beck, an economic forecaster at the EY Item Club, said: “Bouncing along the bottom is likely to be a story which persists for the near term.”
Ashley Webb, of Capital Economics, said the fall in activity suggested that the economy “may already be in recession”.– which saw the data in advance – decided to keep interest rates on hold, adding that the figures “all but confirm that interest rates have peaked”.A separate survey by the
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