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News Release from: Barclays Commercial Bank | Subject: Barclays finance
Edited by the Manufacturingtalk Editorial
Team on 12 January 2007
UK manufacturing output rise is
encouraging
Commenting on the ONS Manufacturing (Index of Production) figures for November 2006, Barclays said it may only be an incremental rise, it is still a nudge in the right direction.
Commenting on the ONS Manufacturing (Index of Production) figures for November 2006, Tony Walsh, national director of Manufacturing at Barclays, said: "When it comes to assessing the overall impact of these figures, it's very much a case of every little helps when it comes to month on month increases Whilst it may only be an incremental rise, it is still a nudge in the right direction and these nudges, over the course of 2006, have culminated in 2006 being the strongest year for manufacturing output for some time." He added: "Compared with the same period last year, output is up 2.4% and starts 2007 on a very positive note
This article was originally published on Manufacturingtalk on 25 Jan 2007 at 8.00am (UK)
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I think manufacturers can expect to see more of the same with modest rises taking us through to the end of the year." Walsh concluded: "However, despite these encouraging forecasts, the industry continues to face a number of challenges as a result of playing in a global marketplace.
The real winners will be those that are aware of the challenges and meet them head on with a strong strategy in place from the outset.".
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