Tuesday, October 21, 2008

CBI report says 46% of firms have falling orders

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.

Posted by saving for a space ship @ 12:40 PM (458 views)
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