Monday, August 02, 2010
An impressive manufacturing revival
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

UK manufacturing went a long way down in the recession but is showing a decent climb back in the recovery. The latest purchasing managers' index for the sector, 57.3, was slightly lower than June's 57.6 but well above market expectations and showed that the sector is still expanding vigorously. Official figures show 4%-plus growth in manufacturing output over the past 12 months.

That is also the message from the Engineering Employers' Federation, here, which predicts that manufacturing growth will easily outstrip the wider economy this year and next.