UK manufacturing posted August revival

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…

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