Orders for exports have risen at the quickest pace yet recordedThe manufacturing sector expanded at its fastest pace in at least 29 years last month as clients rushed to put in new orders, a closely watched survey suggested. The easing of lockdown measures released a surge in pent-up demand, which lifted the IHS Markit/CIPS UK manufacturing purchasing managers’ index (PMI) to its highest level since the survey began in 1992. Although this was below an earlier “flash” reading of 66.1, the report noted rapid rebounds in new orders, employment and business confidence. Export orders rose at a survey-record pace in May as demand recovered in the EU, US and China. At the same time, business confidence rose to its highest

Source: The Times June 01, 2021 11:01 UTC