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British Manufacturing On the Up!



During September manufacturing output increased by 1.2 per cent when analysts had previously quoted a rise of 1.1 per cent.

Market analysts commented that despite some high profile setbacks hitting the headlines this month manufacturing in Britain is continuing to recover from the deep recession of 2008/09.

David Kern, Chief Economist at the British Chambers of Commerce said:

“We remain cautiously optimistic about the sectors ability to recover despite the tough economic environment at home and abroad.”

Looking ahead predictions suggest we will see further robust growth in the fourth quarter. Business and consumer confidence is rising, unemployment is falling sharply and surveys are indicating that companies’ order books are growing at the fastest rate than they have for over a decade.

In addition, growth is reviving in our main export market, the Eurozone, and the health of the banking sector is improving, all of which should add further support to a positive and sustainable recovery.

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