According to a recent survey from Markit/CIPS Purchasing managers’ index (PMI) for the manufacturing sector, the fifth consecutive month of expansion has been recorded within the sector, marking the highest reading since February 2011. Output and new orders rose at their fastest pace in 19 years within Manufacturing and a senior economist at Markit has said that “the UK’s factories are booming again”. A separate survey from the EEF, a manufacturers association, has shown that the conditions are right for manufacturers to see continued expansion right through to 2014.
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