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Manufacturers ''more confident and planning for the future''

9 June 2010
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Manufacturers ''more confident and planning for the future''Britain''s manufacturing companies are increasingly confident that "we are not heading for doom and gloom" and "are planning for the future".

This is the view of an expert in the field, who claimed firms are responding the rising demand in a range of different sectors, from consumer goods to "industrial-size pharmaceuticals".

Director and co-founder of specialist consultancy Newton Andrew Hawes explained: "We are working in factories that are out of capacity and that''s not been the case for three years."

He said the focus of manufacturing management was no longer on reducing costs and stock levels, but on increasing capabilities, although businesses are still cautious about investment.

Mr Hawes'' comments are reflected in a survey by the manufacturers'' organisation EEF and BDO, which found new order balances and output rose by record levels of 34 per cent and 30 per cent respectively during the second quarter of this year.ADNFCR-3058-ID-19827054-ADNFCR
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