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Further growth forecast for UK production

19 February 2010
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Further growth forecast for UK productionThe UK''s manufacturing sector will experience further growth in production levels over the coming quarter, it has been predicted.

According to a new report from the Confederation of British Industry (CBI), businesses in the industry are at their most optimistic in nearly two years.

However, operations management and inventory control techniques will remain important as the CBI warns future prospects remain "muted" for UK manufacturing as the result of sluggish levels of demand.

A poll of 548 manufacturers showed that one-quarter (25 per cent) forecast an increase in output in the next three months, compared with 18 per cent predicting a fall, with many reporting a continuing improvement in export order books.

"Manufacturing production is slowly recovering as demand for UK-made goods overseas is improving, boosted by the relative weakness of sterling," CBI economic adviser Ian McCafferty commented.

In related news, the latest figures from the Society of Motor Manufacturers and Traders revealed a 64.8 per cent jump in the production of cars in the UK during January this year, with "modest growth" predicted for the sector this year.ADNFCR-3058-ID-19626592-ADNFCR
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