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Manufacturing index records strong growth

2 February 2010
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Manufacturing index records strong growthThe UK''s manufacturing index reached 56.7 during January, rising at its fastest rate in 15 years.

The measure of activity in the sector climbed from an upwardly revised 54.6 per cent the previous month, indicating that it is starting to recover from the recession.

With exports boosted by the weak price of sterling, the Markit Economic and CIPS index exceeded analysts'' expectations and producers are starting to hire again, with activity in the employment index growing for the first time in nearly two years.

Any figure over 50 relates to growth in the sector and Markit senior economist Rob Dobson said: "The survey raises hopes that the sluggish recovery from recession signalled by gross domestic product data in the final quarter of last year will have gained momentum as we move into 2010."

Operations management techniques have been employed by many producers during the economic downturn in order to maximise profits and minimise costs, with the Confederation of British Industry recently stating that the UK manufacturing sector''s balance of production stood at +11 per cent over the three months to January.ADNFCR-3058-ID-19592169-ADNFCR
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