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Production output dips in January

18 March 2010
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Production output dips in JanuaryThe importance of effective operations management is highlighted by new figures revealing that the UK''s index of production dipped year-on-year in January by 1.5 per cent.

Between December and January, the Office for National Statistics (ONS) data show total production output was 0.4 per cent lower, although mining and quarrying and energy supply output rose.

However, total manufacturing output increased 0.2 per cent during January 2010 compared with the same month of 2009, the first year-on-year increase since March 2008.

During the recession, many companies in the sector have focused on production and inventory control, with some indications now that the sector is stabilising, although a 0.9 per cent drop between December and January was driven by poor performance in the electrical and optical equipment, chemical and manmade fibres and non-metallic mineral products industries.

Commenting on the ONS figures, Barclays Corporate head of UK manufacturing, transport and logistics Graeme Allinson said: "With the possibility of figures still being a little turbulent from month to month, nonetheless positivity in the manufacturing sector is mounting."ADNFCR-3058-ID-19677485-ADNFCR
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