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Manufacturing output hits two-year high
UK manufacturing output hit a two-year high in the three months up to August, new research has revealed.
A study by the Confederation of British Industry (CBI) found total orders and export order books have risen to the highest level since August 2011.
Manufacturers are confident the situation will become even more positive in the next three months, with the 400-plus firms surveyed by the CBI predicting output will reach heights not seen since March 2011.
Stephen Gifford, CBI director of economics, welcomed the news but warned challenges still remain.
"UK manufacturers seem to be experiencing a build-up in momentum, but risks in the global economy still mean that it won’t be plain-sailing for some time to come," he stated.
The CBI's research found output volumes have increased across 12 of the 16 sub-sectors it analyses and some of the smaller industries such as building materials, metal manufacture and electrical goods demonstrated particularly strong growth.
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