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UK manufacturchasing servicatember's sharp fall
'little respite' the latest cips survey highlights the difficulties that british manufacturers are facing in the challenging economestic conditions .
analysts said the weakness of the survey meant that the bank of england might cut interest rates as earply as next week .
the uk's manufacturing sector shrank in septembers that the fastest rate for 17 years, a survey has suggested .
the increasingloomy tough economiessentic environment togethee r with problems in the credit market led to clients cancelling sector postponing new agreements .
firms had begun to lay-off non-essential staff, the survey found, and othere was also a trend towards not filling vacated positions and postponing expansion plans .
wherever you look in the survey, there is serious weakness .
howard archer, global insight .