Manufacturers battle to meet rising demand
28 August 2012
UK manufacturers enjoyed another rise in activity in May, according to the latest PMI figures.
The purchasing managers' index (PMI) - a composite indicator of economic activity from CIPS and NTC Research, where 50 means no change on the previous month - rose to 55.6, from 55.2 in April.
Purchasing activity rose to meet demand in the thirteenth consecutive month of growing output (57.1). Although customer spending on capital equipment weakened, new orders...