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Production index figures are welcome, says Bank
A
Barclays Commercial Bank product story
Edited by the Manufacturingtalk editorial team
Jun 13, 2007
Barclays Bank saw encouragement in the UK manufacturing output rise during April, during which UK interest rates were held steady.
Commenting on the ONS Manufacturing (Index of Production) figures for April 2007, Ray O'Donoghue, national director of Manufacturing at Barclays bank, said: "The small rise in manufacturing output in April was a welcome sight and brought the index of production back up to the levels we saw in January which is encouraging.
The Bank of England's decision to keep interest rates on hold this month was good news for manufacturers but while the dollar remains weak, exports to the US may be affected." He said: "In this environment, manufacturers need to ensure they have a robust strategy in place and look for new opportunities such as finding new export markets in developing countries.".
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