Tuesday, 1 August 2017

Export boost for UK manufacturing

A surge in export orders helped to lift manufacturing activity last month, according to a closely-watched survey.
The Markit/CIPS UK manufacturing purchasing managers' index rose to 55.1 in July, up from 54.2 the month before. A figure above 50 indicates expansion.

The survey found export orders rose last month at the fastest pace since April 2010, and at the second highest rate since the survey began.

Markit said the weaker pound remained a "key driver" of export growth.

The pound jumped to a 10-month high against the US dollar after the publication of the report.

BBC    News.