BCC warns of meltdown

Manufacturing is facing a ‘meltdown’ with home markets in steep decline and exports plummeting further into recession, warns the British Chambers of Commerce’s latest economic survey. During the second quarter of 1998, export losses reached record lows and home sales and orders sunk to levels not seen since the last recession. The survey shows exports […]

Manufacturing is facing a ‘meltdown’ with home markets in steep decline and exports plummeting further into recession, warns the British Chambers of Commerce’s latest economic survey.

During the second quarter of 1998, export losses reached record lows and home sales and orders sunk to levels not seen since the last recession. The survey shows exports at their lowest since 1992.