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MTA CEO Comments on the manufacturing PMI figures

Speaking after the publication of today’s manufacturing PMI figures, which showed a sharp rebound in activity, MTA CEO James Selka said: “The August rebound is really welcome news. Clearly the current exchange rate is having a positive effect on exports, MTA members have told us that it has made their products more competitive in global markets. That is good news in the short term, but in order to build on it the industry has to invest in new technology to be more productive and stay ahead of the competition. We’re confident that they will do that. While the politicians deliberate, Britain’s manufacturers are getting on with the job.”