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Record growth reported in UK manufacturing

4 February 2011
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Record growth reported in UK manufacturingManufacturing activity in the UK rose at its most rapid pace since the current series began in 1992 in January 2011, new figures show.

The Purchasing Managers' Index (PMI) for the month revealed climbed from 58.7, revised upwards, in December to 62, while new orders and employment growth also reached record highs.

Those concerned with demand planning and manufacturing management may be interested to learn the latest data from CIPS and Markit indicated activity last month outstripped expectations.

Both the export and domestic markets expanded over the month in question, while cost pressures were seen to increase on producers as materials prices grow, having an impact throughout supply chains.

A Treasury spokesman welcomed the strong growth witnessed by the manufacturing sector both in January and in every quarter of 2010.

"A growing manufacturing sector is vital if we are to rebalance the economy towards trade and investment, in order to have sustainable growth," he added.ADNFCR-3058-ID-800386104-ADNFCR
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