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Friday, August 5, 2011

8/5/2011 - Industrial groups ring alarm bells on economy


Leading industrial executives have sounded stark warnings that risks to the global economy are increasing, growth is slowing and that customers are growing more cautious.
While European and US industrial groups mostly delivered robust first-half results and maintained their guidance on their full-year earnings, confidence has dimmed as the manufacturing recovery shows signs of losing steam.
Emerson Electric Co, the US industrial conglomerate, gave one of the starkest corporate warnings yet in a regulatory filing last week:

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