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UK manufacturers forecast production decline

19 December 2011
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UK manufacturers forecast production declineA drop in rates of production is expected across the UK during the coming quarter, according to those in manufacturing management.

Demand is remaining weak for the industry, according to the Confederation of British Industry (CBI), which has revealed companies reported a weakening in their order books this month.

Export orders for December were found by a poll of 434 manufacturers to be "well below their long-run average" and the organisation discovered firms are anticipating a fall in output over the next three months as a result and are planning to scale back production.

CBI chief economic adviser Ian McCafferty highlighted the effects of the ongoing euro crisis on exports and the need to resolve it in order to boost business confidence.

In further news that may affect operations management plans, the government recently announced a new Foresight project examining the future of the manufacturing industry in the UK between now and 2050.ADNFCR-3058-ID-801243146-ADNFCR
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