The May Purchasing Managers’ Index data, released today, indicates manufacturing growth will support economic recovery in Q2.
The UK manufacturing sector grew at its fastest rate in two years in May according to data from the Markit/CIPs Purchasing Managers’ Index (PMI). The index rose to 51.3 in May from 50.2 in April. A figure of above 50 indicates growth. Two consecutive months of positive PMI performance for UK manufacturing follow on a…
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