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Manufacturing output ''boosted by domestic demand''

24 March 2011
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Manufacturing output ''boosted by domestic demand''An increase in domestic demand has driven up output in the UK manufacturing sector, it has been claimed.

The Confederation of British Industry (CBI) reports that recovery in the industry is continuing, but it is threatened by cost pressures.

A poll by the organisation found companies are forecasting a sharp increase in output prices during the coming quarter, although they also anticipate a continuing rise in output growth.

According to the most recent CBI Industrial Trends Survey, a balance of plus five per cent of manufacturers reported total orders above their normal level, the highest proportion since March 2008.

CBI economic adviser Ian McCafferty remarked: "The manufacturing recovery is picking up pace, with firms predicting robust output growth over the next quarter."

However, there was a fall in the pace of growth of export order books and producers reported that rising oil and raw material costs are likely to force them to increase output prices during the next three months.

Individuals concerned with production and inventory control may also be also be interested in recent data from the Office for National Statistics showing manufacturing activity climbed by 6.8 per cent year-on-year during January 2011.ADNFCR-3058-ID-800474530-ADNFCR
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