UK manufacturing records fastest growth for three years, figures show
by Katie Allen from Economics | The Guardian on (#2N2B1)
April data records strong demand at home and abroad that will calm concerns about a Brexit slump in the economy
Britain's factories enjoyed their fastest growth for three years last month on the back of strong demand at home and abroad, according to a survey that will temper worries about a Brexit-driven economic slowdown this year.
The manufacturing sector, which makes up about a tenth of the UK economy, enjoyed the strongest pick-up in new work since the start of 2014 and smashed expectations in April. Firms also took on new workers at a faster pace and ramped up production, the closely watched Markit/CIPS UK Manufacturing PMI (pdf) showed.
Continue reading...