Fewer tools

The strong pound is blamed for a sharp fall in exports of machine tools, particularly to the rest of Europe. According to the Machine Tool Technologies Association, the UK exported £337.3m worth of metal working machine tools in the first nine months of 1997, 15% less than the comparable period the year before. Imports rose […]

The strong pound is blamed for a sharp fall in exports of machine tools, particularly to the rest of Europe. According to the Machine Tool Technologies Association, the UK exported £337.3m worth of metal working machine tools in the first nine months of 1997, 15% less than the comparable period the year before. Imports rose 6.7% to £492.6m.