May 5th

UK manufacturing output soars to three-year high

According to a new report by the Purchasing Managers’ Index (PMI), the UK’s manufacturing sector is in robust health with output levels reaching a three-year high.
The PMI report displays growth in employment, new orders and output in the manufacturing sector. This signals growth for nine months in a row with production also expanding at the fastest rate in three months.
Growth rose to a high of 57.3 in April, up from a four-month low of 54.2 in March 2017. Excellent results considering the sector was identified as being at risk post Brexit.
UK manufacturers continue to exude optimism and welcome the creation of new jobs from within the UK, Europe and the rest of the world.
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