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Manufacturing sector recovery ''driven by exports''

24 January 2011
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Manufacturing sector recovery ''driven by exports''The recovery of production in the UK is recovering and is "on track" for further expansion over the coming quarter, it has been claimed.

According to the Confederation of British Industry (CBI), growth is expected to continue by firms, with strong levels of orders from overseas and domestically, with employment prospects increasing for the past two quarters and growing confidence among manufacturing businesses.

However, CBI chief economic adviser Ian McCafferty warned companies in the sector "have come under intense pressure to pass on rising costs: they have increased prices markedly in this quarter and expect to raise them at an even faster pace".

Operations management professionals may be interested in his prediction that growing prices could fuel inflation rates in the UK economy over the coming months.

The CBI found 32 per cent of the 394 manufacturers polled for its January Quarterly Industrial Trends Survey had seen output grow during the past quarters, while 16 per cent stated it had fallen.

Meanwhile, the Recruitment and Employment Confederation's Industrial group has called for greater investment in skills to ensure the sector continues to expand in the future.ADNFCR-3058-ID-800359796-ADNFCR
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