The UK manufacturing Industry Purchasing Managers Index (PMI) recorded its steepest rise in the last 27 years in April.
According to IHS Markit / CIPS data, the manufacturing industry PMI in the country rose from 58.9 in March to 60.9 last month. The expectation for the manufacturing industry PMI data was that it would realize at the level of 60.7. With a level of 60.9 in April, the manufacturing industry PMI recorded its strongest rise since July 1994.
In PMI data, which is accepted as leading data, below 50 is considered as “sectoral contraction” and above this level as “sectoral growth”.
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In the statement made by IHS Markit, it was stated that the manufacturing sector was affected by disruptions in the supply chain, which increased sales costs. The British economy contracted sharply with 9.8 percent last year.
Within the scope of easing the “national quarantine” restrictions in the UK since January 5th, the third phase will begin on May 17th. In the 4th stage on June 21, all restrictions under the Kovid-19 measures are planned to be lifted.
Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.
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