The traditional summer wind-down for industry was more in evidence this year than it was in 2011 – though probably more due to the oppressive economic atmosphere and the distractions of the Olympics than more authentic industrial or business reasons.
Peering into the last quarter of the year, it seems unlikely that there will be much energy to pick up the pace. Numerous surveys from EEF, the CBI and others show a trend for contraction in orders across manufacturing and the British Chambers of Commerce reduced its GDP growth forecast for 2012 from 0.6% to…
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