UK February factory output grows at slowest pace since May: PMI

UK February factory output grows at slowest pace since May: PMI

The Edge Markets - World·2021-03-02 05:04

LONDON (Mar 1): British manufacturers reported the slowest output growth since May last month, as supply-chain disruptions and rising costs linked to Brexit and COVID-19 limited their ability to respond to a modest pick-up in orders, a survey showed on Monday.

The output component of the IHS Markit/CIPS manufacturing Purchasing Managers’ Index sank to 50.5 in February from 50.7 in January, its lowest since last May.

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UK Business Economy Manufacturing

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