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UK production ''should look east''

6 July 2010
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UK production ''should look east''The manufacturing industry in Britain should look to the east, particularly in the wake of a dip in performance, an expert has suggested.

Investment and Business News editor Michael Baxter stated that the most recent fall in the Purchasing Managers'' Index (PMI) is not unique to the UK and warned "the US PMI is down and China''s has been falling for a while".

However, he suggested that producers in the country should "look towards some of the other economies in the far east" such as China in order to boost their export markets.

In comments that may particularly interest those in manufacturing management, Mr Baxter said companies should not "get too worried" about the drop in PMI and called for more to be done to boost trade outside the European Union.

Figures from Markit and CIPS showed a decline in the PMI last month from 58 to 57.5 as new export orders slowed, although any number above 50 is indicative of growth.ADNFCR-3058-ID-19875622-ADNFCR
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