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Manufacturing sector experiences strong March growth

6 April 2010
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Manufacturing sector experiences strong March growthThe UK''s manufacturing industry expanded in March this year to 57.2, up from 56.5 the previous month.

According to the latest purchasing managers'' index (PMI), the factory output total increased at its fastest rate in more than 15 years to 61.9, with any figure above 50 indicating growth.

Markit senior economist Rob Dobson commented on the "solid" manufacturing data from the firm and the CIPS: "The rebound is coming from a broad base by sector and company size, raising hopes that this will prove sustainable."

February''s CPI remained stable at the same figure recorded in January, while the March total significantly exceeded a forecast from analysts of 56.8 for the month.

The latest PMI will be welcomed by those concerned with improving manufacturing processes, as well the news that new government awards known as Cluster Marks have been launched to honour leading clusters of producers in the UK, with the first prizes recently handed out.ADNFCR-3058-ID-19705377-ADNFCR
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