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Further contraction of UK manufacturing

1 September 2011
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Further contraction of UK manufacturingIndividuals concerned with lean techniques and continuous improvement are advised that the UK's manufacturing industry witnessed a further contraction in August this year.

According to the latest Purchasing Managers' Index (PMI) for the sector, last month saw export orders weaken and a decline in employment.

Compiled by Markit and the CIPS, the report suggests that manufacturing could "slide back into recession", having witnessed a contraction in July on subdued domestic demand levels.

The measure dropped from 49.4 the previous month to 49 in August, marking its lowest point in 26 months and indicating that business conditions are continuing to deteriorate, dropping sharply from a record high announced in January this year.

Commenting on the PMI, Markit chief economist Chris Williamson warned: "Manufacturers are likely to cut production further in coming months to allow inventories to fall again."

PricewaterhouseCoopers recently issued advice to companies in the sector to enhance the operations management of their supply chains in order to safeguard them against the effects of the global economic downturn and disasters such as the Japanese earthquake and tsunami in March.ADNFCR-3058-ID-800716763-ADNFCR
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