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Manufacturing sector ''seeing markers of recovery''

2 March 2010
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Manufacturing sector ''seeing markers of recovery''The "markers of recovery" are now in evidence within the UK''s manufacturing industry, an expert claims.

According to Barclays head of manufacturing, transport and logistics Graeme Allinson, the latest Purchasing Managers'' Index (PMI) is "a good start to 2010".

He pointed to particularly strong output and export levels as evidence that "manufacturers will be optimistically looking towards consistent positive growth this year".

Operations management professionals may also be interested in Mr Allinson''s comments that "unprecedented levels of uncertainty" within the wider economy will continue to impact upon the rate of recovery and government support is needed to ensure its future success.

The PMI, published by Markit and the CIPS, reveals that production activity continued to grow in February following a leap in January, with the index currently standing at 56.6, its highest level since October 1994.

With any figure above 50 representing growth, the industry is demonstrating signs that it is recovering from the global downturn and export orders in February rose to a peak not seen since January 1996.ADNFCR-3058-ID-19645055-ADNFCR
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