Fears are growing that Britain's manufacturing sector could be sliding back into recession after a gloomy survey from the CBI.
The business group reported a sharp slowdown in orders in December, driven by a weakening of domestic demand, and found that expectations of growth have taken a hit.
Paul Dales, of Capital Economics, said that the survey was "the first to signal the possibility of a manufacturing recession". A recession in any sector is usually defined as two consecutive quarters of falling output.
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Friday 14 December 2007
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