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Acal CEO upbeat on European factory demand; cautious on US and China

Nick Jefferies, chief executive of customised electronic components maker Acal (LON:ACL) offers his take on the global macro-economic picture.

Factory demand levels are crucial for the business, which makes temperature sensors found in coffee machines, cables for Stannah stair lifts and test parts for cars.

To monitor demand, Jefferies explains that the firm tracks money supply – a good indicator of industrial output.

Sales in the six months to November rose by 18% and demand signs looks good in Europe; although the CEO is wary of a weaker US market and a potential China slowdown.

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