Tuesday, Oct 21, 2008
CBI report says 46% of firms have falling orders
BBC: Factory gloom 'worst since 1980'
Falling demand for UK-made goods and a drop in output has caused the sharpest single-quarter fall in manufacturing confidence in 28 years, a survey says.
In the past three months, 16% of firms had seen a rise in new orders but 46% said they had fallen, the CBI's Industrial Trends survey said.
It also found orders for UK-made goods had declined at their fastest rate since 1999 as domestic demand fell.
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