Manufacturing employment rises as sector downturn eases sharply

The downturn in the UK’s manufacturing sector eased significantly in August, with employment in the month rising for the second month consecutively.
Mon, 3 Sep 2012

The downturn in the UK’s manufacturing sector eased significantly in August, with employment in the month rising for the second month consecutively.

Jobs rose at smaller and medium-sized employers, but continued to fall at larger-scale producers.

In larger firms where an increase in employment was reported, this mainly reflected ongoing efforts to clear backlogs of work, according to the Markit/CIPS Manufacturing PMI survey, which uses data from a selection of 600 industrial companies.

Manufacturing production fell in the month of August, but by a much lower level than in July, and the overall PMI for the sector rose from 45.2 to 49.5, where any number below 50 indicates recession, and 50-plus suggests growth.

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