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Foundry Daily News

13. April 2007

British industry:

slows as trade deficit widens

Both activity and pricing power across British industry slowed in the first quarter of the year, while the country's trade deficit widened sharply in February, data released today shows.

The British Chambers of Commerce said in its quarterly survey that the impact of three interest rate rises since last August was now being felt, as orders and sales growth slowed and prices all fell back across both the manufacturing and services sectors. Pay also slowed in the dominant services sector.

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