UK Manufacturing PMI: Production rises for the first time in eight months as supply chain pressures ease

Stock image - worker grinding casting in manufacturing facility. Image credit: Shutterstock

The UK manufacturing industry displayed its hallmark resilience in February, posting its first production rise in eight months, despite continuing labour challenges and lower order intakes, according to the latest S&P Global / CIPS UK Manufacturing PMI®.

February 2023 UK Manufacturing PMI key findings: Manufacturing PMI at seven-month high New orders fall but show signs of stabilising Input cost and output price inflation ease

This content is for subscribers only. Subscribe now for free to read the full article.

Having started the year on the back foot, the UK manufacturing sector showed its resilience by staging something of a come-back in February, posting a seasonally adjusted PMI…