UK manufacturing receives growth boost
29 August 2012
Confidence in the UK manufacturing sector received a boost in September with its fastest growth rate for six months.
The latest data from the CIPS and Royal Bank of Scotland’s Purchasing Managers Index (PMI) shows businesses were encouraged to expand and new orders increased for the fourth consecutive month.
The overall PMI – a composite indicator of sector conditions from CIPS and NTC Research in which an index above 50 indicates growth – registered 51.5, up from 50.1 in...