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The manufacturing sector ended 2021 with further growth of production, new orders and employment but logistic disruptions and staff shortages hindered the pace of expansion.
Gas prices have surged for a second day as Russia continues to cut supplies to Europe in the new year.
The UK’s manufacturing sector is growing at a rate not seen for decades, after pent-up demand was released by easing Covid-19 restrictions. The IHS Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI), which is a closely watched sign of the sector’s fortunes, reached a record high last month, according to the most recent figures. It rose from a score of 60.9 in April to 65.6 in May, the best score in the survey’s nearly three-decades long history. IHS director Rob Dobson said: “The UK PMI surged to an unprecedented high in May, as record growth of new orders and employment sup...
UK manufacturing growth at 30-year high - survey © Getty Images UK manufacturing is growing at its fastest rate for almost 30 years as the easing of lockdown unleashes pent-up demand, according to a survey. The IHS Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) reached a high last month of 65.6, up from 60.9 in April. Any reading above 50 indicates growth, and April's figure was the highest since the survey began in 1992. But there are also signs that suppliers are struggling to keep up with demand. "Record growth of new orders and employment supported one of the steepest increa...
The UK's manufacturing growth gathered pace in April as production increased for the 11th consecutive month.