UK MANUFACTURING stabilised in April, as levels of production and new orders rose slightly from the previous month, according to the Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) which was released today.
The PMI rose from 48.6 in March to 49.8 in April, boosted by new export orders, said the data.
Manufacturers benefitted from increased sales to clients in North America, the Middle East, Latin America and Australia.
While the sector is still contracting, it is moving closer to growth, signified by a figure of 50 or above.
“Following the poor start to the year, when manufacturing acted as a drag on the economy in the opening quarter, it is welcome to see the sector showing signs of stabilising in April,” said Rob Dobson, senior economist at Markit.