Lift for UK economy as all sectors grow in February_2
17 August 2012
The biggest rise in the CIPS purchasing managers’ index (PMI) in the past 12 months for manufacturing suggests an early turnaround in the UK economy.
The February PMI for manufacturing, carried out in conjunction with NTC Research, rose by 4.6 points to 50.1, marginally more than the 50 mark that indicates no change.
The figure is the highest recorded in 12 months, and has confounded analysts’ predictions that the sector, a prime influence on the economy, would not grow until the second half of this year....