February 1st in Economy by jason2009 .
Is the UK Set for a Manufacturing Boom?
Against the best efforts of the gloom mongers, there may be something bright in the making…
Despite the pathetic recovery figures published last week, it seems all in not lost.
The Times: British manufacturing activity expanded at its fastest pace for 15 years in January, according to a key survey, raising hopes that the country’s sluggish recovery is gaining momentum.
The CIPS/Markit manufacturing purchasing managers’ index jumped to 56.7 last month from 54.6 in December, a figure which itself has been revised upwards The closely-watched index is now the highest since October 1994 and well above analysts’ forecasts of a 54.0 reading.
The weak pound spells hope yet.
