Commenting on the manufacturing output figures for April 2010, David Kern, Chief Economist at the British Chambers of Commerce (BCC) said:
“These figures were mildly disappointing and slightly weaker than expected. But, coming after a very strong increase in March, the small fall in April still leaves manufacturing in positive territory when compared with a year ago and with the previous quarter. The figures support the view that GDP is likely to record an increase in the second quarter of 2010.
“There is no room for complacency. The manufacturing sector is still fragile and it is important to support the modest signs of recovery. With a competitive exchange rate, UK manufacturers are in a position to respond well to any increased demand for exports. But, as the trade figures published earlier this week show, the rebalancing of the economy towards exports is not proceeding quickly enough. “The forthcoming Budget provides the Government with an opportunity to announce further measures aimed at helping manufacturers drive recovery.”