UK manufacturing posts ‘fastest 2005 growth rate’
29 August 2012
Operating conditions in the UK manufacturing sector showed a further improvement in October with the fastest growth rate so far for 2005 but jobs were still lost as a result of high input prices.
The latest data from the CIPS and Royal Bank of Scotland’s Purchasing Managers Index (PMI) shows that supporting the improvement in operating performance were solid gains in output and new orders.
But good operating conditions failed to prevent further job losses, as companies offset higher prices with reductions in staff. Input cost inflation picked up to a...