Confident customers boost manufacturing fortunes_2

7 September 2012
Rising customer confidence supported accelerating growth in the UK manufacturing sector in October.

The headline purchasing managers' index (PMI) - a composite indicator of economic activity published by CIPS and NTC Research - rose to a seasonally adjusted 54.2, from 53.2 in September. The index rose for the fourth month in a row and remained above the 50 figure that indicates no change on the previous month.

New orders (57) and new exports (54.1) increased....

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