UK manufacturing shows sustained expansion

1 July 2007
More news

02 July 2007 | Antony Barton

Strong activity in UK manufacturing last month marked a robust performance in the sector for the first half of 2007.

The CIPS/NTC Purchasing Managers' Index for June, where a figure above 50 represents growth, recorded a figure of 54.3, down slightly from 54.7 in May. The PMI has now remained above 50 for 23 successive months.

Companies said higher output encouraged them to raise employment, which fell slightly from 51.5 to 51.0.

But inflationary pressures increased, with input costs rising from 64.7 to 65.7 - the fastest increase since September. Output prices dropped but remained strong, falling from 56.9 to 56.8.

New orders fell from 55.5 to a five-month low of 54.7. This slower rate centred on the domestic market, with the growth of new export orders accelerating. Companies said there was improved demand from mainland Europe, the US and Asia.

* Further coverage of PMI reports is available at http://www.supplymanagement.com/pmi



SMjul2007

LATEST
JOBS
Swindon, Wiltshire
upto £40K base (+ Paid overtime and corporate benefits)
Honda Manufacturing Ltd
Kew gardens, Richmond upon Thames, London (Greater)
£37,000 - £42,500 per annum pro rata, depending on skills and experience
Kew Royal Botanic Gardens
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE