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Confidence ''improving in UK production sector''

7 June 2010
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Confidence ''improving in UK production sector''The manufacturing industry in the UK is becoming increasingly optimistic about its prospects for the future, new research shows.

A study by published by accounting firm BDO indicates trading conditions improved for producers over the three months prior to a poll being carried out, with output and orders balances reaching record highs since the survey started in 1995.

The second quarter Manufacturing Outlook, compiled with organisation EEF, suggests demand is increasing both within the UK and in overseas markets, pushing up trade and creating new jobs.

Commenting on the results, BDO head of manufacturing Tom Lawton states: "These are a good set of results, especially as the manufacturing sector is still getting to grips with the uncertainty of the new coalition government."

He believes companies in the industry want the new Conservative-Liberal Democrat administration to tackle the budget deficit, enhance competition, support mid-market operators, promote investment in emerging technologies and consider the needs of traditional companies.

His remarks may interest those seeking operations training courses, as could recent figures from CIPS/Markit showing the manufacturing purchasing managers'' index remained stable at a record high of 58.0 in May this year.ADNFCR-3058-ID-19822179-ADNFCR
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