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Surprise dip in UK manufacturing

11 June 2010
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Surprise dip in UK manufacturingFollowing a period of strengthening production in the UK, latest figures have indicated there was a slight dip last month.

First quarter data for the manufacturing sector has revealed April witnessed a month-on-month fall in output of 0.4 per cent.

This was in contrast to analysts'' predictions of a rise over the period and followed growth of 2.2 per cent during March.

However, those involved in manufacturing processes may be interested to learn that some experts remained relatively upbeat, despite the disappointing results.

IHS Global Insight analyst Howard Archer commented that the report "does not mean that the manufacturing sector''s recent fine run is coming to an end.

"Rather, it needs to be seen as a correction after a particularly strong jump in output in March."

In related news, a study from organisation EEF and accounting firm BDO recently indicated that UK manufacturers are more optimistic about their future prospects.ADNFCR-3058-ID-19833004-ADNFCR
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