The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI) rose to 54.4, up slightly from April’s 17-month low of 53.9, to signal growth for the 22nd straight month.
The PMI shows that UK manufacturers maintained a broadly positive outlook for the sector in May – image courtesy of Nexteer Automotive. Although growth of production accelerated to its best during the year-so-far, this was mainly achieved through the steepest build-up of finished goods inventories in the 26-year survey history and…
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