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UK manufacturing industry ''forecasts more growth''

17 September 2010
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UK manufacturing industry ''forecasts more growth''Further growth is anticipated by companies in the UK's manufacturing sector, a poll shows.

Results from the Confederation of British Industry (CBI) survey of producers reveal that the industry remains confident about its prospects for the next quarter and saw demand remain steady during September.

In its monthly Industrial Trends Survey, the body revealed a balance of minus 17 per cent of respondents reported total orders above normal, slightly below August, but in line with the average over the past year.

Those in manufacturing management and concerned with demand planning may be interested to note that the number of manufacturers predicting growth in output reached plus 12 per cent in September, up from a balance of ten per cent last month.

"Demand is still considered to be better than it was in the first half of the year, export order books are holding up reasonably well," CBI chief economic adviser Ian McCafferty noted.

However, a slight weakening was seen in export orders but overseas business remains considerably higher than at the beginning of the year and stock levels increased to plus four per cent this month from one per cent in August.

Official figures for July 2010 showed recently that the UK's official index of production was 4.9 per cent higher year-on-year, with output up in nine of the 13 sub-sectors covered.ADNFCR-3058-ID-800069808-ADNFCR
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