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Further falls for manufacturing

Series: CBI News Release ; 22 July 2003 (3)Publication details: 2003Subject(s): Summary: The CBI's "Industrial trends" quarterly survey shows manufacturers suffered further falls in orders, output and employment. Domestic orders fell during the last three months with 38% of firms reporting a drop against 14% seeing a rise. Export orders fell at their fastest pace for 18 months, with 39% of firms recording a fall and only 16% seeing an increase. Uncertainty about demand remains the main investment constraint cited by 62% of respondents.

The CBI's "Industrial trends" quarterly survey shows manufacturers suffered further falls in orders, output and employment. Domestic orders fell during the last three months with 38% of firms reporting a drop against 14% seeing a rise. Export orders fell at their fastest pace for 18 months, with 39% of firms recording a fall and only 16% seeing an increase. Uncertainty about demand remains the main investment constraint cited by 62% of respondents.