UK growth continues as bank raises interest rates
28 August 2012
Britain's manufacturing industry continued its recent recovery in October, with output and new orders strengthening, as the sector enjoyed the fastest growth since December 1999.
The purchasing managers' index (PMI), published by CIPS and Reuters, rose to 54.2, to remain above the 50 figure that indicates no change on the previous month.
The UK construction sector also performed strongly again during October, expanding for the fifty-seventh month and at the fastest rate since July 2001.
The PMI reported a rise to 58.9, from 56.9 in...