UK manufacturers enjoy rise in new orders and exports
28 August 2012
Rises in new orders at home and abroad helped the UK manufacturing sector to enjoy stronger growth in October amid soaring input price inflation, according to the latest purchasing managers’ index (PMI).
The PMI - a composite indicator of economic activity from CIPS and NTC Research, in which 50 means no change on the previous month - rose to 53, from a revised PMI of 52.3 in September.
Companies are trying to fulfil new business in domestic markets and for export, at 53.4 and 52.7 respectively, from spare capacity. However, they also took on more staff to meet...