Summary
THE clamour for lower interest rates grew louder today after it emerged Britain's manufacturers have suffered a third consecutive quarterly fall in orders, writes Jane Padgham.
The latest snapshot of manufacturing from the CBI revealed widespread pessimism and squeezed margins, as factory owners grapple with sky-high raw material costs and weak demand. The only glimmer of hope is that overseas business is picking up and output has stabilised.See the full content of this document
Extract
Industry Rate-Cut Plea As Orders Slip
A net 7% of firms reported falling orders ...
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