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17Feb94 UK: DRAMATIC DECLINE IN COMPANY FAILURES.

The number of construction companies going bust is dropping dramatically.Figures taken from the Department of Trade and Industry's Insolvency Service show that in the third quarter of last year just 646 construction firms collapsed, compared with 847 in the second quarter.This represents a decrease of almost a quarter and continues a downward trend that began at the end of 1992.And the figures show a 24 per cent fall in construction insolvencies compared with the same quarter in 1992.Economist .

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