facebook
twitter
search
search

Britain's PMI for manufacturing at 26-month high

Aug. 1, 2013 at 11:13 AM

LONDON, Aug. 1 (UPI) -- A key manufacturing index in Britain reached a 26-month high in July, Markit Economics said Thursday.

The headline business activity index, known as the Purchasing Managers Index, climbed to 54.6 in the month, up from an upwardly revised 52.9 for June, which was previously reported as 52.5.

Markit said manufacturing production rose in July for the fourth consecutive month. New orders "strengthened," the research firm said, noting, "Companies reported improved domestic and export demand."

Export orders rose at the fastest pace in two years with increases coming from Australia, China, the eurozone, Kenya, Mexico, the Middle East, Nigeria, Russia and the United States, Markit said.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
Aetna to acquire Humana for $37 billion in cash, stocks
U.S. proposes tighter pipeline spill rules