Soaring Oil Prices Stunt Growth

The JournalOctober 02, 2004

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Summary


Manufacturing growth in the UK continued to falter last month as soaring oil prices pushed costs up at the fastest rate in nine years, according to new research.

Higher energy costs were among the factors that sent overall manufacturing activity to its lowest level since July last year, according to the study by the Chartered Institute of Purchasing and Supply (CIPS).

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Soaring Oil Prices Stunt Growth

Although the data was worse than expected, the index stayed in pos...

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