Manufacturing picked up last month after July slump

Orders index recovers from three-year low in wake of Brexit vote

1st September, 2016
Manufacturing growth picks up slightly. Pic: Pixabay

The Investec purchasing managers' index (PMI) compiled by Markit Economics, rose to 51.7 in August from 50.2 in July. Any figure above 50 signals growth.

New orders resumed growth, having dropped in July. The orders part of the index came in at 52.5, compared with 49.9 in July – the first time in three years the figure had fallen below 50.

Output prices – prices charged by manufacturing firms – fell to the lowest level since May.

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