Pressures ease for industry

Posted on 1 Nov 2010 by The Manufacturer

Almost 50 per cent less manufacturing companies fell into administration in the first nine months of 2010 compared with the same period last year, according to business advisers Deloitte.

There has been 252 manufacturing administrations so far this year compared with 439 at the same conjecture last year and this 42.6 per cent decline has been topped only by the retail sector (50.2%) and financial services (47.1%). This compares with a 36% drop when taking all companies across all sectors into account. Administrations have…

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