Production and output levels both rose in February as the UK manufacturing sector continues its robust start to 2017, according to the latest Markit/CIPS Purchasing Managers’ Index (PMI).
Although February’s score of 54.6 is a drop from January’s recording of 55.7, showing a slowing of expansion, the result is still well above the average UK manufacturing PMI of 51.6. According to Markit/CIPS, increased business inflows were underpinned by improved demand, both domestic and overseas. The latter being no doubt aided by the sterling…
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