empty
 
 

2022.05.0312:37:00UTC+00UK Manufacturing Growth Improves In April

The UK manufacturing growth improved in April from March's five-month low, final survey results from S&P Global showed Tuesday.

The Chartered Institute of Procurement & Supply manufacturing Purchasing Managers' Index rose to 55.8 in April from 55.2 in March. The reading was above the flash estimate of 55.3.

The index has remained above the neutral 50.0 mark for 23 successive months in April. Companies linked higher production to increased intakes of new business, reduced delivery delays and efforts to clear backlogs of work. The outlook remained positive but the degree of confidence slumped to a 16-month low.

Input costs rose at the second-strongest pace in the survey history. Output charges increased to a record extent, as manufacturers acted to pass on rising costs.

Employment rose for the sixteenth month running in April, as companies reacted to increased production and rising order backlogs.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback