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Overseas demand ''boosts UK manufacturing''

19 May 2010
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Overseas demand ''boosts UK manufacturing''Growing demand from other countries for goods produced in the UK has boosted the country''s manufacturing sector.

This is the assertion of the Confederation of British Industry (CBI), which suggested that strong export order books are helping the industry to recover from the recession.

New figures from the business organisation indicate foreign demand for British manufactured items has held up production, as domestic demand is improving at a slower rate than international markets.

This led to a balance of plus three per cent in the number of companies reporting a rise in orders compared with a fall in the latest CBI monthly Industrial Trends Survey, the first positive result in more than two years.

Manufacturing output is expected to grow over the next quarter and CBI chief economic adviser Ian McCafferty remarked: "The weak pound has made UK exports more attractive and manufacturers are benefiting from the pick-up in world trade."

Operations management professionals considering taking a CPIM exam may also like to note the Office for National Statistics manufacturing index for March climbed by 3.3 per cent year-on-year.ADNFCR-3058-ID-19787603-ADNFCR
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