Manufacturing sustains strong growth
28 August 2012
UK manufacturing continued its robust performance in June, according to the latest purchasing managers’ index figures.
The purchasing managers' index (PMI) – a composite indicator of economic activity from CIPS and NTC Research, where 50 means no change on the previous month – was 54.8, from 55.7 in May.
Purchasing activity remained stable in the fourteenth consecutive month of growing output (57.5). Manufacturers kept up to date with order books, despite a lack of spare...