UK manufacturing beats forecasts with strong growth in August
by Richard Partington from Economics | The Guardian on (#30XP0)
Weak pound reported to have helped competitiveness, but rising raw material prices could cause problems
Britain's manufacturers increased production at the fastest pace in seven months in August, taking on more workers to keep up with strong domestic and international demand.
The closely watched Markit/Cips UK manufacturing PMI barometer of factory sentiment showed activity jumped to 56.9 last month from 55.3 in July, the second-highest level in more than three years, helped by the weak value of the pound.
Related: Lack of skilled EU workers 'could choke UK growth post-Brexit'
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