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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/manufacturing-recovery-gathers-pace.jpg"><img class="alignnone size-full" title="The recovery in UK manufacturing gathered steam, with a survey showing its highest reading for export orders in 15 years" src="http://londonglossy.com/wp-content/uploads/2010/12/min-manufacturing-recovery-gathers-pace.jpg" alt="The recovery in UK manufacturing gathered steam, with a survey showing its highest reading for export orders in 15 years"/></a></p>
<p>The recovery in UK manufacturing gathered steam as a closely watched survey showed its highest reading for export orders in 15 years.</p>
<p>The latest industrial trends survey from the CBI business lobby group showed 25% of manufacturers said export orders were above normal in December, while 21% said they were below. The balance of 4% was the strongest since August 1995.</p>
<p>The CBI said the majority of manufacturers also reported overall total orders above normal levels this month &#8211; giving the best reading since June 2008.</p>
<p>The figures will please the Government, which is pinning hopes for economic recovery on growth in the private sector.</p>
<p>The CBI survey follows Tuesday&#8217;s positive manufacturing data from the Office for National Statistics, which showed manufacturing output rising 0.6% month on month in October.</p>
<p>Ian McCafferty, CBI chief economic adviser, said: &#8220;These figures show that the recovery in the manufacturing sector is well under way.</p>
<p>&#8220;With total order books getting back to normal levels and overseas demand particularly strong, the outlook for UK manufacturing output growth is encouraging.&#8221;</p>
<p>Mr McCafferty said the decline in the value of the pound should continue to underpin demand for UK exports into 2011.</p>
<p>But he warned: &#8220;However, with oil and other commodity prices rising, cost pressures will remain a concern.&#8221;</p>
<p>Price pressures are ongoing within the sector with a balance of 16% of firms expecting to raise prices in the next three months, only a slight drop from 17% last month.</p>
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