Output and new orders rise at fastest rates since 1994

CIPS 2 September 2013

Manufacturing PMI at two-and-a-half-year high.

The Markit/CIPS Purchasing Managers’ Index® (PMI®) for the UK showed a strong performance as output and new orders rose sharply.

The index posted at 57.2, up from the seasonally adjusted 54.8 in July.

David Noble, CIPS CEO said: "Manufacturing maintained Q3 momentum to reach a two-and-a-half-year high thanks to the biggest jump in output and new orders in almost two decades. This boon was driven by strong domestic demand and accelerated growth in export orders; all of which are a sign of growing confidence in the UK economy more broadly.

"It is particularly promising to see strong performance across all three sectors of the market. The intermediate sector and industry bellwether was the strongest performer in August, which bodes well for the future.

"The continued growth in new orders has placed pressure on suppliers however, with average delivery times lengthening for the third consecutive month. Employment growth too was muted in the last month as firms sought to maximise staff capacity before recruiting. These temporary measures are by no means terminal, however, the sharpest rise in input prices in two years, is a pressing concern, and will be one to watch in the coming months as firms try to protect their profit margins."

For press enquiries, call the Press office on 01780 756777or email: The PMI data is available to purchase.

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