Experts have hailed a bit of much-needed stability in the UK manufacturing sector as new figures showed manufacturers have returned to positive territory – though only just. British manufacturers reported small growth in June, as the IHS Markit/CIPS manufacturing purchasing managers index rose to 50.1, with 50 considered unchanged. However, what looks like anemic growth hides a massive rise in the score from recent months. In May the survey measured 40.7, while it dropped to an all-time low of 32.6 in April. But a return to slim growth for manufacturing is unlikely to be replicated in other parts of the economy in June.

Source: Irish Independent July 01, 2020 09:33 UTC