British industry's output now at record growth levels | Manufacturing sector

British factories enjoyed the strongest growth in output on record in June but warned they expected to raise their prices at the fastest pace in nearly 40 years in response to a shortage of key components and materials. The Confederation of British Industry said its quarterly survey of manufacturing showed that the rebound across the sector was gaining momentum going into the autumn. The business lobby group said that with Europe, the US, China and much of Asia lifting coronavirus restrictions, its monthly index of industrial output growth over the past three months had set a blistering pace - to…