Activity in Britain’s manufacturing sector drifted to an eight-month low in February as a jump in new orders failed to counter a slowdown in production. Activity in Britain’s manufacturing sector drifted to an eight-month low in February as a jump in new orders failed to counter a slowdown in production. The closely watched Markit/CIPS UK Manufacturing purchasing managers’ index (PMI) showed a reading of 55.2 last month, down from January’s 55.3, but above economist expectations of 55.0. Rob Dobson, director at IHS Markit, said February’s performance gave “mixed signals” on the health of the UK manufacturing sector. “However, positive news was provided by other survey indicators that are suggesting output growth may revive in the coming months.

Source: Irish Independent March 01, 2018 10:07 UTC