UK manufacturing growth 'best for two years'

UK manufacturing growth 'best for two years'
 

The UK's manufacturing sector surged in September, growing at its fastest level since June 2014, a closely watched survey has indicated.
The Markit/CIPS purchasing managers' index (PMI) for the sector rose to 55.4 in September from 53.4 in August. A figure above 50 indicates expansion.
The weakening of the pound following the Brexit vote had continued to boost exports, the survey found.
But the weak pound had pushed up firms' costs "at a double-digit annual rate".
A weakening of the pound makes UK goods cheaper for overseas buyers, but increases the cost of goods imported into the... read more

 
3 October 2016 in Business, Views: 37
Source: BBC
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