How much does it cost to change a light bulb?

Lucey, John
April 2004
Management Services;Apr2004, Vol. 48 Issue 4, p32
Academic Journal
This article deals with the benefit of economic recovery to small manufacturers, as of April 2004. A quarterly survey of small and medium size firms shows that the persistent decline in orders that began in April 2001 has been halted. The seven year decline in export orders has come to an end with the first positive result since July 1996 and export confidence has also risen for the first time in eighteen months. Output was flat over the last three months, but this has ended the decline in output that began almost three years ago and companies are showing the most positive expectation since April 2002. Smaller manufacturers will be greatly encouraged by the findings. The three year slide in orders and output has finally halted and firms will now be hoping the worst is behind them. Confidence has been boosted and over the coming quarter smaller firms expect positive growth. Jobs are still being lost and the broader economic recovery must endure for smaller firms to truly enter positive territory. This is indeed good news for manufacturing after many years of decline, downsizing and outsourcing. But at a time when manufacturing has had to get leaner the public sector seems to be getting fatter. Council tax bills have almost doubled on average in the past ten years.


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