The new Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) rose to 52.1 in March from 51.5 in February and is now at the highest level since May 2011, as employers' business outlook and employment intentions improve.
Commenting on the figures, Glynn Bellamy, UK head of Aerospace and Defence at KPMG, said UK manufacturing is benefiting from a combination of increased industrial activity in North America and continued opportunities in economies such as China and India.
"Although wariness over the stability of the Euro remains a threat, as do rising commodity prices, the actions undertaken by many UK manufacturing businesses over the last few years are starting to pay dividends with businesses having widened their reliance from traditional core markets," he explained.
In the medium to long term, this could lead to a more robust UK manufacturing sector, the expert added.
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Posted by Wayne Bly
Source: The Sales Engineer News