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UK manufacturers forecast orders decline

27 October 2011
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UK manufacturers forecast orders declineThe coming months are expected to prove difficult for manufacturers in the UK, a new survey shows.

According to research from the Confederation of British Industry (CBI), sentiment within the sector has declined sharply as firms anticipate falls in orders and output over the next quarter, falling at its most acute rate since April 2009.

Taking an APICS qualification may become more attractive as manufacturers face difficult conditions over the coming months, something that operations management practices could assist with.

During the next three months manufacturers expect to reduce their cornstock holdings amid declining activity and modest increases in domestic demand.

Over the most recent quarter, a balance of plus five per cent of companies said they saw a rise in domestic orders, while export purchasing was flat.

"Manufacturers saw modest growth in orders and production over the past quarter. However, sentiment has deteriorated sharply and firms expect sizeable falls in activity over the next three months," commented CBI chief economic adviser Ian McCafferty.

The UK's business secretary Vince Cable has addressed the Policy Exchange with a speech in which he declared that a new industrial strategy for the UK should include a strong framework of incentives and support for manufacturing.ADNFCR-3058-ID-800778211-ADNFCR
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