Following an impressive end to 2010, manufacturers picked up the growth baton with gusto at the start of 2011, with orders and output now at a record high in the Purchasing Managers’ Index series.
However, inflationary pressures are rising and the performance is yet to turn into any major upturn in employment in the sector, causing Jonathan Lee, chairman of Jonathan Lee Recruitment, to bemoan a “largely jobless recovery”. Where anything above 50 indicates growth, the headline PMI rating for UK manufacturing in January, taking into account new orders,…
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