London – UK Domestic manufacturing witnessed a surprise post-Brexit boost last month, according to new figures published 1 Sept.
The seasonally adjusted Markit/CIPS Purchasing Managers’ Index (PMI) recovered sharply in August, from the 41-month low of 48.3 posted in July following the European Union (EU) referendum.
With a PMI of 53.3, August saw improvements in UK manufacturing output and incoming new orders. A score below 50 suggests contraction.
The month-on-month increase in the level of the headline PMI of five points was…