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Revival forecast for UK manufacturing

3 June 2011
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Revival forecast for UK manufacturingBritain is likely to see a return to high levels of production and exports over the coming years, as the renewable energy and hi-tech sectors take off.

This is the prediction made by a new report from HSBC Commercial Banking, which has stated goods manufactured in the UK will have a renaissance, driven by seven cities around the country.

Bristol and Glasgow have joined a previous list of five urban areas of the UK expected to drive forward output over the coming years, including Brighton, Newcastle, Liverpool, Leeds and London.

HSBC Commercial Banking UK head Jacques-Emmanuel Blanchet stated: "Out of recessions come new trends and this report crystallises how adaptable entrepreneurs and small businesses are shaping a new business landscape that British business is set to follow."

Those concerned with demand planning may be interested in the news that the report forecasts a strong increase in output over the coming years, pushed up by the performance of small and medium-sized companies in the sector.

Latest data from Markit and CIPS showed manufacturing continued to expand in the UK during May 2011, although the pace of growth in the industry slowed.ADNFCR-3058-ID-800566841-ADNFCR
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