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?

North-west manufacturing and service sectors continue resurgence

11 April 2011
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
North-west manufacturing and service sectors continue resurgenceThe north-west's manufacturing and service sectors have continued their recent resurgence, a new report has shown.

According to Lloyds TSB's North West Business Activity Index, private sector output increased at its fastest rate in ten months in March.

The index increased to 58.1 from 56.2 in February, with gains in new work, employment and output outstripping those of the UK as a whole.

Leigh Taylor, area director for Lloyds TSB Commercial in the north-west, said that inflation continues to weigh on manufacturers but they are continuing to press ahead nonetheless.

"Manufacturing remains the principal driver of expansion, despite a stronger contribution from the services sector in March," he added.

A recent report from the British Chambers of Commerce highlighted the pressures being put on manufacturers by the rising costs of raw materials.

In addition, many firms are struggling with cash flow issues, which is denting overall confidence, the organisation's Quarterly Economic Survey revealed.
 ADNFCR-3058-ID-800494693-ADNFCR
Bookmark this Article Link to this Article Subscribe to the IOM Newsletter Send this Article to a Friend/Colleague

Related News

Manufacturers ''need practical support''
16 May 2012
A majority of manufacturers are uncertain the government has the right strategies for growth in the sector.
Manufacturers ''need practical support''
16 May 2012
A majority of manufacturers are uncertain the government has the right strategies for growth in the sector.
Sheffield manufacturer honoured for continuous improvement
15 May 2012
An equipment firm in Sheffield has received an award for its operations management and business gains.
Operations management ''should make use of energy efficiency savings''
14 May 2012
Companies could enhance productivity and employee engagement by implementing green initiatives, it is claimed.

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