Production growth in the manufacturing sector has risen once again in May, as lessened pandemic restrictions and insatiable demand brought the PMI up to 65.5, beating records set in 1994.
Having reached 60.1 in April, this month’s PMI figures only add to a streak of signalled improvement in the last 12 months. Companies have linked order growth to the reopening of the UK economy as well as rising business confidence. New export order numbers also broke records this May, as stronger demand from the US,…
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