PRESSOFFICETRANSCRIPT_ 22 FEBRUARY 1979
INTERVIEW WITH NATIONAL DIRECTOR OF METAL TRADES
INDUSTRY ASSOCIATION, MR. KEN FRY
FROM ABC'S " NEWSVOICE", 22/ 2/ 79
National Director of the Metal Trades Industry Association
is speaking about the reasons behind the increased
confidence:
MR. FRY:
I think the major thing is the very excellent improvement
in the reduction in the rate of inflation. I think, with
inflation down around it restores confidence of
the businessman considerably. That's not to say we don't
want it down further we certainly can't be content with
it where it is but we have found that the reduction
in the inflation rate, particular when compared with
other country's inflation rate, the present level of our
exchange rate, has made us really more competitive than
we were 12 months ago so that we are getting more orders
than we were getting then.
Question: Do you think the results of the survey are just one indicator
of what could be a further economic recovery?
MR. FRY:
Yes, we think that ourselves. We don't want to overstate
the figures. We think the recovery will Drobably be
gradual but this is the first time in four years, in our
surveying of our industry, that we've seen encouraging
signs. So we read these as very favourable and that we
think that the industry now is going to improve from
this position. 000---
Fraser, Malcolm
Period of Service: 11/11/1975 - 11/03/1983
Find more information on Fraser, Malcolm on the:
Release Date:
22/02/1979
Release Type:
Interview
Transcript ID:
4962
Document:
00004962.pdf
1 Page(s)
Released by:
- Fraser, John Malcolm
INTERVIEW WITH NATIONAL DIRECTOR OF METAL TRADES INDUSTRY ASSOCIATION, MR KEN FRY, FROM ABC'S 'NEWSVOICE', 22 FEBRUARY 1979
4962