The IHS Markit/CIPS Purchasing Managers’ Index for February increased to 55.1 in February from 54.1 a month earlier, with UK manufacturing activity returning to its highest levels since the start of the most recent lockdown. Rob Dobson, director at IHS Markit, commented: “The UK manufacturing sector was again hit by supply chain issues, COVID-19 restrictions, stalling exports, input shortages and rising cost pressures in February. Look past the headline PMI and the survey reveals near stagnant production, widespread shipping and port delays and confusion following the end of the Brexit transition period.” He went on: “With current constraints likely to continue for the foreseeable future, pressure on prices and output volumes may remain a feature during the coming months.”
Read more: City AM
Visit our website here for more news and product information, or click the button below to submit a short enquiry form for your finance needs.