Thursday, April 01, 2010
Manufacturing up, credit conditions slowly easing
Posted by David Smith at 10:30 AM
Category: Thoughts and responses

The latest manufacturing purchasing managers' index (PMI) from Markit and the Chartered Institute of Purchasing and Supply suggests the sector is growing strongly. The overall index rose to a 15-year high of 57.2 in March, from 56.5 in February. No sign of a double-dip there.

Meanwhile, the Bank of England's credit conditions survey suggested a a gradual easing in the tightness of credit conditions, though smaller firms are still finding things tough. More here.