Ian Mccafferty Quotes

With retailing and manufacturing both very weak, the fact that services are slowing is particularly worrying. - Ian McCafferty

With energy costs up sharply in recent months and some disappointing developments in the global economy, there is no doubt UK manufacturers still face a challenging business environment. Nevertheless, this survey provides some encouraging news. - Ian McCafferty

We understand that the MPC must make difficult choices. But there is a clear risk that without corrective action the upward trend in unemployment would accelerate. We continue to believe that a cut in interest rates will be needed in the next few months, and we urge the MPC to consider early action. - Ian McCafferty

We think there's room for a small cut and look to the Bank to do so if there's no sign of a pick-up in momentum in the economy. - Ian McCafferty

We are disappointed that the Bank did not take the opportunity to provide some support for the fragile economy. - Ian McCafferty

There are glimmers of hope on the horizon for manufacturers who have endured a long-lasting downturn. But at a time when commodity and energy prices continue to rise unabated, UK manufacturing is not out of the woods yet. - Ian McCafferty

There are emerging signs that the hard-pressed manufacturing sector is improving. - Ian McCafferty

The sustained high level of oil and sharply increased gas prices have driven up energy and raw material costs and manufacturers are continuing to respond by cutting employment to curb the wage bill and boosting investment in efficiency-improving measures. - Ian McCafferty

The slightly less negative recent news from the housing and retail sectors contrasts with increasing pressures on manufacturers from the high cost of fuel and materials. - Ian McCafferty

The service sector in recent years has been an important driver of growth. - Ian McCafferty

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