Euro Recession Hits Uk Industry Hard

Summary


British manufacturing is in the worst shape for two years because of eurozone recession and the slowdown in the consumer spending.

Second quarter figures from the RSM Robson Rhodes/EEF engineering outlook survey show the balance of companies reporting growth is down to just five per cent.

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Extract


Euro Recession Hits Uk Industry Hard

The growth is coming from a number of sectors, including basic metals electrical and mechanical equipment.

The collapse of MG Rover has reduced activity...

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