Brexit BOOST: Manufacturing at 2-year HIGH as experts hail ‘very welcome upward surprise'

Brexit BOOST: Manufacturing at 2-year HIGH as experts hail ‘very welcome upward surprise'
 

Activity surprised experts, leaping to 55.4 last month, from 53.3 in August, and a 27-month high, as measured by the Markit's Purchasing Managers Index (PMI).
The soaring output is set to give economy a significant kick in the third quarter, said economists as they lifted growth forecasts higher.
The weaker pound helped new manufacturing orders hit a 11-month high, with export orders at levels not seen since January 2014, the survey showed.
Demand increased from clients in Asia, Europe, the USA and certain emerging markets, according to Markit.
At the same time, domestic also improved, led... read more

 
3 October 2016 in Business, Views: 31
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