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The closely followed IHS Markit/CIPS manufacturing purchasing managers’ index (PMI) reached 57.9 last month, up from the initial 57.6 reading.

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Inflation are very much still dark, and you can see that in what we call producer rises ? my producer prices, so if you look at what they are paying for raw materials, the so—called import prices, they are up 11.4% over the last year, things like petrol, metals, then if you look at the output prices, what they are charging at a factory gate before reaching retailers, they have risen 6.7%. that is the fastest rate of inflation at the factory gate that we have had, for ten years. so, we have definitely got further inflationary pressure coming down the line and that is why on the markets there ...

And a few items falling, like meat and coffee and tea, but it is certainly the case that with those raw materials prices going up, the prices at the factory gate were up by 6.7%, that is the highest rise in a year. so, although we've had a temporary respite, it does look very much as if we've got further inflationary pressure coming down the line, and all that adds up to the likelihood of an interest rate rise by the end of this year. andy verity. at least ia people have been killed by a bomb attack on a military bus in damascus. syrian state media says that two blasts hit the vehicle as it pa...

11.4%, and they can wear that rise in their raw material costs up to a point, but then they have to pass it on, and you're seeing that, too. if you look at the prices at the factory gate, before they come to retailers, they are up by 6.7%. and that's the highest rise we have seen there for a decade. so, you really see that inflationary pressure coming down the pipeline. and you might also say that's before any of the figures we have seen over the last few weeks about things like gas prices going up, petrol prices going up, that's not even yet in the figures, is it? no, that's right. in fact, t...