The most recent UK manufacturing PMI figures, released today, signalled expansion in the sector for the fifth month running although export orders fell sharply in April.
Growth in the manufacturing sector slowed at the start of the second quarter, after making a solid start to the year. The Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dipped to 50.5 in April, below March’s revised reading of 51.9, but still above the neutral 50.0 mark that separates expansion from contraction. The PMI has…
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