Brighter news was provided by the trend in new orders, which rose at a faster pace than in January. Companies indicated that domestic demand strengthened, while new export business rose at a solid (albeit slower) pace. New export business rose for the twenty-second successive month in February. Where an increase was reported, this was linked to improved sales to clients in the USA, China, Europe, Brazil and East Asia. However, the overall pace of expansion eased to a four-month low.
UK Manufacturing PMI little changed in Febraury
- Thursday, Mar 01 2018
The upturn in the UK manufacturing sector slowed further during February. At 55.2, the seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) fell to an eight month low and lost further ground after hitting a 51-month high last November. Manufacturing production increased at the slowest pace for 11 months in February, with decelerations seen across the consumer, intermediate and investment goods sectors.