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Domestic demand ''to drive UK manufacturing''

2 November 2010
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Domestic demand ''to drive UK manufacturing''Small businesses in the UK production sector are planning to increase production during the coming quarter as a result of an expected rise in domestic demand.

This is according to figures from the Confederation of British Industry (CBI), which suggest that 31 per cent of respondents to a poll of small and medium-sized enterprises (SMEs) forecast a rise in output over the next three months.

In addition, the CBI SME Trends Survey shows that the balance of those anticipating a climb in production rather than a fall stands at plus 19 per cent, up from plus nine per cent three months ago.

Overseas, as well as domestic demand, is predicted to grow over the coming quarter and a balance of plus nine per cent of the 382 respondents to the research revealed growth in total new orders over the past quarter, with staffing numbers rising as a result.

"It is encouraging that firms have increased their headcount this quarter and are now planning to invest in plant and machinery and innovation," CBI SME Council chairman Russel Griggs stated.

A poll carried out by the CBI in October discovered the UK manufacturing sector as a whole forecasts steady expansion in output over the quarter, which is expected to be fuelled by higher export orders.ADNFCR-3058-ID-800211108-ADNFCR
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