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Increase recorded in demand for UK goods

19 November 2010
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Increase recorded in demand for UK goodsDemand rose for goods manufactured in the UK this month compared with October, new figures show.

A report by the Confederation of British Industry (CBI) reveals the country saw orders increase month-on-month, although levels still remained "below normal".

Those concerned with manufacturing management and demand planning may be interested to learn prices are expected to rise more rapidly during the next quarter, although output growth in the production sector is predicted to slow.

"Demand is now back in line with that over the summer months, suggesting that particularly weak order book readings last month may have been a one-off," CBI chief economic adviser Ian McCafferty noted.

He added factory output is still forecast to witness growth, although inflationary pressures remain a concern for companies.

Earlier this month, a survey published by the CBI suggested small and medium-sized manufacturers in the UK expect to boost production over the coming three months because of an anticipated rise in domestic demand.ADNFCR-3058-ID-800246419-ADNFCR
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