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UK smaller manufacturers ''see decline in sentiment''

8 November 2011
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UK smaller manufacturers ''see decline in sentiment''Optimism has fallen among smaller manufacturers in the UK, according to a new survey.

The poll by the Confederation of British Industry (CBI) found that such manufacturing management specialists are predicting a slight drop in domestic purchasing over the coming quarter and no real growth in overseas sales.

CBI SME Council chair Lucy Armstrong said: "Sentiment has taken a real hit, falling at rates not seen since the height of the recession in April 2009."

In the latest quarterly SME Trends Survey from the organisation, it reveals that there was a balance of zero in the number of respondents reporting falls and rises in domestic orders over August to October 2011 and the measure of export orders dropped to minus eight per cent for the same period.

The next three months are expected to see firms reduce stock holdings, cut back on investments and drop output, although a slight increase in workforces is anticipated.

Despite the evidence from the CBI, Make It campaign events co-ordinator Stephen Melia recently declared there is "much to be positive about" in the manufacturing sector, as the country continues to lead the world in advanced production and areas such as innovation.ADNFCR-3058-ID-800789400-ADNFCR
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