Manufacturers rely on UK sales in midst of eurozone crisis

Posted on 7 Jun 2012 by Chris Flynn

British manufacturers have had to rely on UK orders and growth in global markets to compensate for shrinking European demand, according to a survey published by the manufacturers’ organisation EEF and BDO LLP today.

Despite the increasing instability within the eurozone, with Greece already on its second bailout and Spain crumbling beneath a mountain of debt, forcing it into selling off £1.7bn worth of bonds today, UK manufacturers stated that output across manufacturing had risen over the past three months and expected output to expand further over the next…

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