The Chartered Institute of Purchasing and Supply’s headline purchasing managers’ index (PMI) for UK manufacturing rose from 49.9 in September to 53.7 last month – surging through the level of 50 which separates expansion from contraction.
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Resurgence in manufacturing raises hopes of exit from recession
The UK manufacturing sector rebounded strongly into growth territory in October, after contracting in September, according to a key survey yesterday which raised hopes that the economy could emerge from recession in the fourth quarter.
