Figures show increased levels of production and new orders

First published in Business News The Northern Echo: Photograph of the Author by

THE UK's manufacturing industry has stabilised after experiencing increased levels of production and new orders.

Figures show the Markit/CIPS purchasing managers' index last month rose to 49.8, from 48.6 in March, which was another increase on February's four-month low.

The results fall just short of the accepted mark of 50, which separates growth from contraction.

A Markit/CIPS report said manufacturers benefited from modest improvement in new exports orders, with increased sales to firms in North America, the Middle-East and Australia, and export work rising for the first time in more than a year.

It said manufacturing job losses were marginal and weaker than during the last two months, with firms maintaining a cautious approach to buying.

The upturn in figures comes after March results fuelled worries over a triple-dip recession, when the sector contracted during the first three months of the year to 48.6, with new export orders falling for the 15th consecutive month.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree