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UK manufacturers ''forecasting further output growth''

21 February 2011
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UK manufacturers ''forecasting further output growth''Manufacturers might need to look at improving their processes in light of a recent report that indicates an increase in optimism about output growth.

The latest Industrial Trends Survey revealed that 37 per cent of manufacturers surveyed in February believed they would see a rise in output, while only 14 per cent forecast a fall.

This is an improvement on the previous month, when the difference between these two figures was only 17 per cent, compared with 23 per cent in February.

Ian McCafferty, chief economic adviser of the Confederation of British Industry, commented: "The outlook for UK manufacturing output growth is very encouraging. Firms predict further acceleration in production growth over the next quarter, supported particularly by a strengthening in export order books."

He noted that the expectations for growth are currently at the highest level they have been since before the recession.

This comes after Lee Hopley, chief economist at the EEF, said there are a number of operations management issues facing manufacturers and that firms are still under pressure to control internal costs.  ADNFCR-3058-ID-800417034-ADNFCR
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