Monday, August 03, 2009
Manufacturing growing again, PMI says
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

The relationship between the purchasing managers' surveys and official data has been unpredictable in recent months but on the face of it the latest purchasing managers' index for manufacturing is very good news. It rose above 50 in July, indicating the sector is expanding again, with gains across most components of the index. The rise from 47.4 to 50.8 was significantly better than expected. If manufacturing is growing again, that bodes well for other sectors and for the wider economy. More details here.