UK slowdown worst for two years

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The Independent Online

Britain's manufacturing base is contracting at the fastest pace for two years.

A CBI survey yesterday showed that November saw the largest drop in factory order books since October 2010. The decline was led by falling export orders.

Howard Archer, the chief UK economist at IHS Global Insight, said the CBI monthly industrial trends survey "adds to the recent stream of bleak news on the manufacturing sector".