Cautious Expansion of Manufacturing Activity Continues in March


March saw further tentative growth of the UK manufacturing economy. Not only did the seasonally-adjusted CIPS/Reuters Purchasing Managers’ Index (PMI – a composite indicator designed to provide an overall view of the manufacturing economy) rise for the third month running to record its highest level since February 2001, but the headline indicator was above the critical no change mark for the second successive month, rising from an upwardly revised level in February.

CIPS/REUTERS PURCHASING MANAGERS’ SURVEY – AT A GLANCE


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