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5th February 2008
Demand for British goods increases
International demand for British goods is increasing the prospects of domestic manufactures and wholesalers, new research has revealed.
According to the Confederation of British Industry's (CBI) Regional Trends Survey, Yorkshire & the Humber, the south east and London and Wales all enjoyed a rise in new orders over the last three months.
Peter Gutmann, of Experian, the credit firm who helped the CBI compile the figures, revealed that British firms could enjoy a relatively prosperous immediate future.
He said: "The survey results provide some encouragement at a testing time. Most regions are quite upbeat about orders and exports for the next three months.
Mr Gutmann added: "Perhaps manufacturers are pinning their hopes on the boost to UK competitiveness from sterling's near ten per cent depreciation against the euro since November as an offset to slower growth in the Eurozone."
Meanwhile, the majority of UK regions, excluding the north west, Wales and Yorkshire and the Humber, expected overseas demand to grow over the next three months.
(c) 2008 Adfero Ltd.
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