Manufacturers ride out Brexit with jump in output



Britain’s manufacturers brushed off the Brexit vote to put a spring in their step last month, with output hitting its highest level for more than two years.
The latest Markit/Cips purchasing managers’ index (PMI) – where a reading above 50 indicates growth – reached 55.4 in September, up from 53.4 in August.
It was the best output performance since June 2014, and a significant improvement since the index fell to 48.3 in July, the first month after Britain voted to leave the European Union.
READ MORE: Economic growth upgraded as services defy Brexit fears
Rob Dobson, senior economist at IHS... read more

 
4 October 2016 in Business, Views: 39
Source: Scotsman
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