UK PMI manufacturing shows 23‑month growth amid rising costs

UK Manufacturing PMI: Growth, staffing levels up despite building inflationary pressures

The UK manufacturing industry has started the second quarter of the year on a positive note, posting a mild growth acceleration despite a number of challenges, figures released yesterday reveal.

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Key takeaways: Seasonally adjusted S&P Global / CIPS UK Manufacturing PMI rose to 55.8 in April – up from 55.2 in March and the earlier flash estimate of 55.3 55% of manufacturers expect output to increase over the coming year 85% of firms saw purchase prices rise, while there were no reports of a decrease…