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UK manufacturing confidence indicative of improving fortunes

12 July 2011
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UK manufacturing confidence indicative of improving fortunesConfidence levels among manufacturers in the UK are below levels seen during the period from April to December 2010, but showed signs of rallying recently, a report claims.

The study by the British Chambers of Commerce (BCC) warns that optimism among producers about their future performance climbed between the first and second quarters of 2011, but remained lower year-on-year.

Manufacturing management professionals are advised that April to June 2011 saw a 12 point jump in turnover confidence to plus 40 per cent and a 12 point climb in profitability expectations to plus 22 per cent.

However, the organisation's director general David Frost warned: "We do not export enough goods and services, meaning we run up continual trade deficits."

According to the body, the UK economy needs to be rebalanced towards the private sector and problems relating to cashflow for firms should be addressed.

The BCC recently revealed that the UK's producer price index for both output and input increased during June this year, with growth accelerating over the month.ADNFCR-3058-ID-800619188-ADNFCR
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