UK manufacturing continues to grow in September


UK manufacturing grew for the sixth consecutive month in September, a survey has indicated, and recorded its strongest quarterly performance for two and a half years, reports the BBC.

The Markit/CIPS Purchasing Managers’ Index slipped to 56.7 last month from August’s 57.1, but was still above the 50-mark indicating expansion.
Growth in output and new orders remained close to August’s 19-year high. But export business growth was weak.

“UK manufacturing continues to boom. These numbers are encouraging in respect to the rebalancing of the economy, with goods production likely to provide a major stimulus to economic growth in the third quarter,” said Rob Dobson, senior economist at Markit.

Read more on the story at the BBC