01 May 2007 | Antony Barton
Manufacturing output increased last month at the fastest rate since September 2006.
The CIPS/RBS Purchasing Managers' Index for April, where a figure above 50 represents growth, recorded a figure of 57.1 for output, up from 54.8 in the previous month.
Manufacturers maintained strong pricing power, with output prices rising from 55.5 to 56.8. Yet the overall PMI figure for manufacturing fell to 53.9 from 54.2 in March. This three-month low was partly attributed to delays in the delivery of raw materials from suppliers.
Improved marketing and product launches were responsible for a further increase in new orders, at 56.1, while improved demand from clients across Europe, Asia and Africa led to an eighth successive monthly rise in export orders, at 53.7.
* Further coverage of PMI reports is available at http://www.supplymanagement.com/pmi