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Manufacturing output rate 'rises'
04 November 2010 12:28
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The rate of growth in UK manufacturing output rose in October for the first time since March, a closely-watched survey has found.
The Chartered Institute of Purchasing and Supply (CIPS) said its Purchasing Managers' Index rose to 54.9 from September's 10-month low of 53.5.
With a figure of 50 or above indicating growth, it is a sign of renewed strength in the manufacturing sector.
Yet, CIPS said firms also seemed concerned about future inflation.
It found that manufacturers had increased their stock levels for the first time since November 2007, and at the fastest pace in the survey's 18-year history.
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The report said that while firms were also doing this to guard against raw material shortages, supplier delivery delays, concern about "expected future price increases" was a key factor.
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