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Call for German approach to manufacturing industry in Britain
19 January 2012
The manufacturing industry in Germany has flourished in recent years, despite tough economic conditions.
According to the Trades Union Congress (TUC), a similar approach to that adopted by Berlin should be taken by the British government in order to ensure the sector in the UK enjoys similar growth.
The body is calling on ministers to bring to an end an "over reliance on financial services" in Britain and focus on rebalancing the economy by backing industry.
In a new report on German policy, the TUC suggests a more strategic approach to manufacturing that prioritises medium-sized firms could deliver more economic benefits, something that may interest those taking an APICS qualification.
"What we really need to deliver a vibrant industrial sector is a new active, interventionist approach to manufacturing," declared TUC general secretary Brendan Barber.
The TUC call comes after data published earlier this month by Markit and the CIPS, which showed there was an increase in the Purchasing Managers' Index (PMI) in December 2011 to 49.6.
However, the PMI remained below the 50 mark that represents expansion of the manufacturing sector, although the measure was indicative of a slowing in the rate of contraction as production activity stablised and new export growth strengthened.
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