Transport sector sees January output drop despite wider economic upturn


UK transport was one of only three sectors that saw a reduction in output in January, as the rest of the economy began to rebound from the pandemic. The sector, which includes haulage, rail and airlines, registered its weakest performance since August 2021, according to Lloyds Bank’s UK recovery tracker. The analysis said 11 out of 14 sectors saw an expansion last month and that improvements in supply conditions bolstered activity in areas such as automotive manufacturing. However, it cautioned […]