Manufacturers’ margins squeezed
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Manufacturing News, Source : TheManufacturer.com
Published : 12 Nov 2002 11:17
Figures published by the Office for National Statistics (ONS) yesterday show that the cost of raw materials and fuels showed an annual increase for the first time since June 2001.
In the twelve months to October, input costs rose by 2.0 per cent, while output prices for manufactured products showed an annual increase of 0.6 per cent, compared with a 0.5 rise to September.
The fact that input costs are rising faster than factory gate prices means that manufacturers are squeezing their margins in the battle to remain competitive.
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