Today’s PMI figures show a modest upturn in UK manufacturing output in defiance of wider European doldrums
Although today’s Manufacturing Purchasing Managers’ Index data, compiled by Markit/CIPS, edged down slightly overall to 50.8 in January from 51.2 in December 2012, a subindex measuring change in output revealed a rise from 53.4 to 54.2 over the same period. In addition, the Markit/CIPS survey found that new orders for manufacturing companies rose for the…
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