British manufacturing PMI rises to 57.5 in June

GMT 17:19 2014 Tuesday ,01 July

Arab Today, arab today British manufacturing PMI rises to 57.5 in June

British manufacturing purchasing managers' index
London - XINHUA

British manufacturing purchasing managers' index (PMI), a gauge of the industry activities, climbed to 57.5 in June from 57.0 in May, exceeding the market estimation consensus of 56.8, announced Markit on Tuesday.
Manufacturing output increased for the 16th successive month in June, and the average index reading during the second quarter is the highest since the first quarter of 2011, said the London-based survey compiler.
The level of incoming new business increased at the fastest pace since last November and to one of the greatest extents since the survey began in 1992, said Markit.
Manufacturing employment increased for the 14th consecutive month in June, with the strongest rate of job creation registered by small and medium enterprises, data showed.
Rob Dobson, senior economist at Markit, said: "UK manufacturing continued to flourish in June, rounding off one of the best quarters for the sector over the past two decades."
Markit expects official manufacturing production to have expanded in the second quarter at a pace above the 1.5 percent registered in the first quarter.

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