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Sarah UKFast | Account Manager

Manufactured success?

3.8.2015 by Alice Cullen

At first impression, today's headlines about growth in the UK's manufacturing industry look positive - let's face it, it's a sector in dire need of some good news. But dig just a little deeper and the tales of poor performance and a bleak future are as convincing as ever. Despite a very small rise from 51.4 in June to 51.9 in July in the PMI (the clever calculation used to measure our economy) manufacturing is, officially, still ‘stagnant’. Gutting! A figure above 50 indicates expansion, apparently. But July’s 51.9 is still below the average of 54.3 that the sector has…