Britain's manufacturing sector reported growth in March after two years of decline, with a 20-month high PMI of 50.3.

Britain's manufacturing sector experienced growth in March for the first time in nearly two years, with the S&P Global/CIPS Purchasing Managers' Index (PMI) recording a 20-month high of 50.3. The growth, mainly driven by stronger domestic demand, comes after a year-long downturn. Companies reported an increase in new orders, output, and suppliers' delivery times, leading to higher confidence levels among manufacturers. About 58% of manufacturers expect their output to rise over the next 12 months.

April 02, 2024
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