Logo Top Home  About the Institution of Operations Management  Contact Us  Shopping Basket  Member Login  Forum 
Institute of Operations Management
Membership Education and Training Events Learning Resources Journal and News Members Only
 
Search Options
Click here to Search the Website
Join the IOM Today
Find us on LinkedIn
Read about APICS
Operations Management News RSS feed Why not subscribe to our RSS feed of IOM News?

Decline in industrial production ''affected by falling European demand''

16 January 2012
Add to: Digg Add to: Del.icio.us Add to: Facebook Add to: Furl Add to: Google Add to: Live Spaces Add to: MySpace Add to: StumbleUpon Add to: Twitter
Decline in industrial production ''affected by falling European demand'' A recent decline in the UK's levels of industrial production is the result of a contraction in demand from Europe.

This is according to the Centre for Economics and Business Research (cebr), which has commented that recent data from the Office for National Statistics (ONS) is evidence that further job losses could take place among manufacturers.

One possible way of offsetting a slump in production and reducing costs is to invest in operations management in order to identify ways of enhancing efficiency and reducing costs within companies.

Data from the ONS revealed there was a 0.6 per cent drop in industrial production between October and November 2011 and 1 3.1 per cent year-on-year decline, with manufacturing volumes turning negative for the first time since February 2010.

"Today's uninspiring figures underline the fragility of the UK labour market and herald more of what is to come," declared cebr economist Daniel Solomon.

Meanwhile, figures from Eurostat showed there was a 0.1 per cent fall in seasonally-adjusted industrial production in November 2011 compared with the previous month within both the 27 European Union member states and the 17 eurozone nations.

However, this marked a slowdown in the pace of contraction, which stood at 0.3 per cent in both regions in October.ADNFCR-3058-ID-801265375-ADNFCR
Bookmark this Article Link to this Article Subscribe to the IOM Newsletter Send this Article to a Friend/Colleague

Related News

Manufacturers ''need practical support''
16 May 2012
A majority of manufacturers are uncertain the government has the right strategies for growth in the sector.
Manufacturers ''need practical support''
16 May 2012
A majority of manufacturers are uncertain the government has the right strategies for growth in the sector.
Sheffield manufacturer honoured for continuous improvement
15 May 2012
An equipment firm in Sheffield has received an award for its operations management and business gains.
Operations management ''should make use of energy efficiency savings''
14 May 2012
Companies could enhance productivity and employee engagement by implementing green initiatives, it is claimed.

Link To This Article

Copy and Paste the following HTML into your page.
 
The Institute of Operations Management, CILT(UK), Earlstrees Court, Earlstrees Road, Corby, Northants NN17 4AX.
Tel: 01536 740105. Fax: 01536 740101. Email: info@iomnet.org.uk
    © 2012, The Institute of Operations Management.     Help |  Site Map |  Legal Disclaimer |  Privacy Policy Designed By ZARR