UK manufacturing saw further modest expansions of both output and new orders in May as a solid domestic market continued to offset “lacklustre demand” from overseas, according to Markit/CIPS figures released today.
The seasonally adjusted Markit/CIPS Purchasing Manager’s Index (PMI) rose to 52.0 in May, up from a revised reading of 51.8 in April (previously reported as 51.9). The latest figures mean that the PMI has remained above the neutral 50.0 mark for 26 consecutive months, with manufacturing production extending its current record of expansion to 27…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
