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Manufacturing shows first contraction since 2005, says ABN Amro

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    • ENS Economic Bureau Tags : banking, india Posted: Tuesday , Dec 02, 2008 at 0028 hrs

    It said November data provided further evidence that capacity pressures were easing in the manufacturing sector. Backlogs of work declined at a survey record rate, as companies diverted resources made available as a result of the drop in new orders towards completing existing contracts.

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