2017-12-04 21:10:48 UTC
this is all despite the unavoidable but short-term uncertainty over the
Brexit process. Still, take heart. Once the process is over sterling
will be pushed up again, and then you will be able to complain about it
slowing down exports.
Britain’s manufacturers take PMI to 51 month high
Britain’s manufacturers are reporting an increase in new orders and
production, a situation that is testing capacity and encouraging job
These are some of the findings from November’s IHS Markit/CIPS
Purchasing Managers’ Index (PMI), which shows a seasonally adjusted rise
to 58.2, its highest level since August 2013. The reading is also the
tenth-best registered during the near 26-year series history of the PMI.
Manufacturing production expanded at the fastest pace since September
2016 with companies linking this to an increase in new export orders and
a steady inflow of work from domestic customers.
Some companies noted higher sales to clients in Europe, the Americas,
Asia and the Middle East. There were also reports that the historically
weak sterling exchange rate continued to boost export competitiveness.