Almost three times as many manufacturing firms have taken hits to the bottom line over the last six months compared with those that have seen profits rise, according to Santander Corporate Banking.
The bank’s research found profits are down for 59% and up for 20% of manufacturing companies. The statistics for all types of business are 50% down and 21% up. However, manufacturers are more confident than other industries about their prospects for the first six months of 2010. The Santander Corporate Banking Business Confidence Index reveals…
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