Logo Top Home  About the Institution of Operations Management  Contact Us  Shopping Basket  Member Login  Forum 
Institute of Operations Management
Membership Education and Training Events Learning Resources Journal and News Members Only
 
Search Options
Click here to Search the Website
Join the IOM Today
Find us on LinkedIn
Read about APICS
Operations Management News RSS feed Why not subscribe to our RSS feed of IOM News?

Barclays ONS Index of Production stats

17 March 2009
Add to: Digg Add to: Del.icio.us Add to: Facebook Add to: Furl Add to: Google Add to: Live Spaces Add to: MySpace Add to: StumbleUpon Add to: Twitter
Barclays Commercial Bank comment on the ONS Index of Production statistics:

Commenting on today's ONS manufacturing figures, Ray O'Donoghue, Head of UK Manufacturing at Barclays said:

"The 2.9% drop in manufacturing output month on month is broadly in-line with figures coming out across Europe. As a picture of strain on UK manufacturing becomes clearer these figures, along with the EEF’s report that all sectors of manufacturing have suffered falls in output and orders, make for a stark indication of the full impact of the current market. However, there remains some buoyancy even in the midst of this landscape; exchange rates to the euro-zone and the US have remained fairly constant in recent months enabling UK export to be a highly competitive offering.

Despite much pressure and difficulty in calculating budgets for the year ahead, UK industry is doing everything in its power to manage costs. Manufacturers, having survived painful times in the past, are using their experience and looking ahead. The forward thinking among them are aiming to secure financing early to secure longer term lines. When it comes to managing costs; temporary shut-downs, shorter working weeks and taking all measures possible to outlast the recession are acts of resilience that will help the sector turn the corner out of the current market.”



Bookmark this Article Link to this Article Subscribe to the IOM Newsletter Send this Article to a Friend/Colleague

Related News

19 January 2010
‘Operations Management’ is your membership journal and I’d really like to know what you think of it – are we publishing what y....
19 January 2010
IOM Scotland is truly up and running in 2010 with a scheduled events programme that kicks off with a Lean Six Sigma and Works Visit at FMC Corporation....
19 January 2010
The IOM held its first exam series for APICS in December. We have just received word that 82% of candidates passed first time – congratulations ....

Link To This Article

Copy and Paste the following HTML into your page.
 
The Institute of Operations Management, CILT(UK), Earlstrees Court, Earlstrees Road, Corby, Northants NN17 4AX.
Tel: 01536 740105. Fax: 01536 740101. Email: info@iomnet.org.uk
    © 2012, The Institute of Operations Management.     Help |  Site Map |  Legal Disclaimer |  Privacy Policy Designed By ZARR