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March 09, 2010

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Glenn

I regularly meet manufacturing organisations in my area and the consistent story for the past 12 months has been that a) they price to market b) they are locked into long term supplier agreements and c) they are not willing to cut prices, as they cannot be raised again - they prefer to protect profit margins.

Also UK exporting markets are dominated by Europe and the US, which have experienced recession and sluggish demand. In my patch the exporters serving China and India have not experienced recession at all and are doing very well.

So its no surprise to me!

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