Likelihood of Rate Rise Recedes As Manufacturing Falls Back

The HeraldMarch 02, 2004

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Summary


THE growth rate of the UK manufacturing sector fell sharply in February, with tentative warnings from some firms about the detrimental impact of sterling's strength against the dollar on exports, a key survey showed yesterday.

Nevertheless, the pace of expansion remained relatively robust by historical standards, and economists warned that the main problem would be if growth were hit further.

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Likelihood of Rate Rise Recedes As Manufacturing Falls Back

The Chartered Institute of Purchasing and Supply reported yesterday that its purchasing managers...

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