none

UK manufacturing at record level

15-03-2011
by 
in 

UK manufacturing production remained strong in February continuing the record growth achieved the previous month.

The seasonally adjusted Markit/CIPS UK Manufacturing PMI posted 61.5 last month, unchanged from January’s record high.

The PMI has been above the 50 mark, which indicates no change, for 19 successive months.

However, purchasing managers were struggling with escalating prices in the manufacturing sector. The seasonally adjusted input prices index stood at 83.7 in February, down only slightly compared to the previous month and remaining close to a 10-year peak.

Manufacturers also linked input cost rises to increased global demand for a number of items and to ongoing supply chain shortages. Purchasing activity rose markedly in February, with the extent of the increase only slightly less marked than January’s high for more than 16 years.

CIPS CEO David Noble, said: “Strong growth in demand across the manufacturing sector continued to put breath in the sails of the UK economy in February. This was the case at home as well as overseas leading to record increases in output and in turn to more jobs being created.

“The fly in the ointment remains macro-level inflation which is likely to go from bad to worse due to the unrest in Libya and escalating oil prices. Purchasing managers reported raw materials costs were continuing to rise at historically high levels during February, leading many to pass on higher purchasing costs to their clients.”

Related news & editorials

  1. 16.03.2018
    16.03.2018
    by      In
    In the 1960s, as much as a quarter of Australia’s workforce was employed in the manufacturing sector, and the industry fuelled 25% of the nation’s economy, according to the Productivity Commission. Half a century on, the closure of Toyota, Ford and then General Motors in October 2017 seemed to... Read More
  2. 24.01.2018
    24.01.2018
    by      In
    According to Southern Cross CEO, Mark Ferguson, if Australian industry really wants to get serious about saving energy then it needs to take a close look at ‘two-stage’, air compressor technology. As energy costs continue to outstrip other business input expenses it is critical, more than ever... Read More
  3. Martin Chappell
    03.11.2017
    03.11.2017
    by      In
    With Australia’s manufacturing industry strengthening, leaders and heads of IT are weighing up which new technologies they should implement to gain a competitive edge. Martin Chappell from Motorola Solutions explains how a simpler and more focused use of data can be the best approach.
    Australia’s... Read More
  4. Sahara Force India F1
    29.08.2017
    29.08.2017
    by      In
    The pace of Formula One (F1) development is rivalled only by the speeds achieved on the racetrack. Each time the Sahara Force India F1 Team brings its car to a circuit, it represents the team’s top engineering; every time the team leaves, the car is just a baseline. Between races it must be... Read More