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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56845)	12/4/2001 3:12:28 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Monday, 3 December, 2001, 20:48 GMT Gloom deepens in UK economy news.bbc.co.uk Restaurants have seen business levels fall The slowdown in both the UK manufacturing and service sectors is getting worse, two surveys have showed. More interest rate cuts may be needed to prevent the UK from falling into recession, industrialists argued, though economists do not expect a rate cut until early next year. This survey makes it clear that for most business people their battle is now with deflation Roger Bootle, economic adviser to Deloitte & Touche Manufacturing activity fell sharply in November, with output contracting for the ninth month in a row and employment falling at its fastest rate for three years, the Chartered Institute of Purchasing and Supply (CIPS) falling to its lowest level since January 1999.