P124 CEEFAX 124  Sun 19 Dec  14:42/07
 
  
  
  CBI WELCOMES STERLING'S FALL 
                                        
 The latest CBI survey shows that most  
 British businessmen believe sterling's 
 recent depreciation will boost output  
 and profits and could create more jobs.
                                        
 The survey was conducted in the second 
 half of Novjmbjr and replies are still 
 coming in from manufacturing exporters 
 and importers.                         
                                        
 But preliminary analysis indicates that
 industrial production is likely to     
 benefit "significantly" from the       
 pound's depreciation through higher    
 exports and improved a"ility to compete
 in the domestic market ag!inst imports.
                                        
  EXCHANGE RATES 135 