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"Reassuring" manufacturing figures welcomed

6 January 2010
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Latest data indicating that the UK''s manufacturing sector is growing has been welcomed as "reassuring" by a financial specialist.

Head of the Travelex UK trading desk Mark Bolsom explained that the latest report is a "sign that our manufacturing industry is recovering" and "signals a positive end to a volatile year".

However, he warned that "despite these positive figures, the UK economy remains incredibly vulnerable" as a result of the growing public budget deficit, something that may be of interest to those involved in improving manufacturing processes.

The latest Purchasing Manager''s Index (PMI) rose from 51.7 in November to 54.1 in December 2009, ahead of expectations, with any number above 50 relating to an increase in activity.

Referring to the highest rating recorded since November 2007, Mr Bolsom highlighted the importance of UK exports to future economic growth.

Meanwhile, the PMI for the services sector increased between November and December from 56.6 to 56.8.ADNFCR-3058-ID-19542402-ADNFCR
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