Output rises for UK manufacturers
28 August 2012
Manufacturing output grew in January for the twentieth successive month, according to the latest purchasing managers’ index (PMI).
But the overall PMI – a composite indicator of economic activity from CIPS and NTC Research, in which 50 means no change on the previous month – declined for the second consecutive month, from 53.3 to 51.8.
The companies surveyed linked the rise in output to an increase in new business. But although the new order index stood at 51.9, it showed the slowest...