UK Firms Enjoy ‘Solid Revival’ in Manufacturing Sector: Survey

The UK manufacturing sector enjoyed rising levels of production and new businesses in May, at the quickest rates since early 2022, a survey has found. The Chartered Institute of Procurement and Supply (CIPS) and S&P Global survey senior executives at private-sector companies every month. The figures for May recorded a Manufacturing Purchasing Managers Index (PMI) of 51.2. A reading above 50 indicates that the manufacturing economy is generally expanding. “May saw a solid revival of activity in the UK manufacturing sector, with levels of production and new business both rising at the quickest rates since early 2022,” said Rob Dobson, director at S&P Global Market Intelligence....