Friday, August 1, 2008

Good job we have sound fundamentals and are well placed to weather any economic slowdown having eliminated boom and bust

British manufacturing shrinks by most in a decade

British manufactures have suffered the worst falls in activity in a decade, dragged down by record cost inflation in July coupled with the ongoing housing market turmoil and a lack of consumer spending. The level of new work placed with UK manufacturers contracted at the fastest rate in nearly 10 years in July, according to the Chartered Institute of Purchasing and Supply which compiled the figures.

Posted by jack c @ 03:15 PM (394 views)
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