Manufacturers reverse job cut trend
29 August 2012
Another rise in manufacturing activity led UK companies to take on more staff in March for the first time since November, according to the latest purchasing managers’ index (PMI).
The employment index stood at 51.4, above the 50 figure that indicates no change on the previous month, in the report compiled by CIPS and NTC Research.
The overall PMI, a composite indicator of sector conditions, rose to 52, from 51.6 in February, owing to improvements in new orders, output, employment, quantities of purchases, and suppliers’ delivery times....