A GLIMMER of hope has emerged for East Lancashire exporters, according to the latest Chambers of Commerce survey.

Despite a continuing fall in export orders and sales, the rate of deterioration has slowed down, according to the quarterly survey which East Lancashire firms contribute to.

"At the end of 1997 the survey gave the first signs of a significant downturn, which was proved correct," said Sam Jones chairman of the North West Chambers Economic Committee.

"This quarter the survey shows the first tentative indications that the decline may be slowing as exporters in particular take advantage of lower interest rates and a weaker pound.

"However there are still difficult times ahead and some uncertainties to face."

The number of firms recruiting new staff in the last quarter of 1998 has fallen and plans for future investment in manufacturing firms are looking healthier.

"The results this quarter remain gloomy.

"However, the few positive signs in manufacturing are welcome.

"And they begin to suggest that the current downturn may not be as deep or as long as that of the early 90s."

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