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UK manufacturing ''should learn from Germany''

9 February 2011
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UK manufacturing ''should learn from Germany''Manufacturers and exporters in the UK should look to their European counterparts for ways of enhancing productivity, it is claimed.

This is the statement made by Ernst & Young ITEM Club senior economic advisor Andrew Goodwin, who pointed out the weak pound has provided the sector with a temporary boost and more should be done to ensure this continues in the long-term.

"The UK needs to be looking to the lessons learned from Germany, which has consistently achieved greater improvements in competitiveness than the UK," he explained.

Mr Goodwin was commenting on new figures from the organisation predicting the value of exports from the UK to emerging markets such as the BRIC (Brazil, Russia, India and China) nations will climb by 11.7 per cent between 2010 and 2020.

He suggested a change in strategy is required within manufacturing to boost investment in operations management, research and development, as well as improving the country's skills base.

The most recent Purchasing Managers' Index for manufacturing rose at its fastest rate since 1992, climbing to 62 in January 2011, up from 58.7 in December.ADNFCR-3058-ID-800394304-ADNFCR
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