More than 50% of the industrys machinery suppliers are struggling to remain confident about future trading, according to Picons latest quarterly survey.
Results released last week showed that 58% of suppliers were less optimistic about the future, compared with 31% in the first quarter of 2001. A similar trend was evident in export prospects with 31% of suppliers less optimistic, compared with just 16% in the first quarter.
The pessimism comes as Picon members reported a drop in orders, with 58% of UK suppliers facing a quarter-to-quarter decline. Exporters fared only slightly better, with 45% reporting a decline last quarter.
The survey also found that nearly 60% of members thought Britain should "wait and see" before joining the single European currency.
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"Sad to see another print company facing financial trouble. The industry is tough, and this highlights the ongoing challenges many are facing. Hope employees and customers get clarity soon."
"Not surprised, businesses need to prepare for these attacks rather than thinking that they're going to avoid them. At the very least, data needs to be fully protected with air gaps in place..."
"So much for growth then!"
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