UK manufacturing shows robust growth

30 September 2007
More news

01 October 2007 | Antony Barton

Manufacturing activity in the UK remained strong last month and output prices increased at their fastest rate in at least eight years.

According to the latest CIPS/NTC Purchasing Managers' Index (PMI), where a figure above 50 represents growth, activity in the sector reached 55.1 last month, down slightly from the thirty-seven month high of 56.1 in August.

The volume of new work rose for the twenty-sixth consecutive month, reaching 55.5 from 56.8 in August. The rate of growth in new orders was, however, at its lowest since January.

New business from clients in Asia, Africa, Germany, Ireland and Italy created strong growth in new export orders. But more competition in overseas markets meant the rate of increase dropped to its lowest in 2007 so far, falling to 52.9 from 56.1 in August.

Average output prices rose at their fastest rate since data was first collected in November 1999, rising to 57.8 from 56.0 in August. Companies attributed this to higher purchasing costs on products such as oil, timber, food and paper, and strong demand, which encouraged many to raise their prices.

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

SMoct2007

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