Rising Orders and Growing Activity Bring Ray of Hope to Manufacturing

Summary

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MANUFACTURING activity grew last month at its fastest pace in almost two years as new orders expanded at a six-year record pace, further boosting recovery hopes.

Commentators were bold enough to talk of the sector "pulling itself out of recession," as the Chartered Institute of Purchasing & Supply's (Cips) purchasing managers' index (PMI) jumped to 53.7 in October, its highest level since November 2007. A score over 50 registers growth.

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Rising Orders and Growing Activity Bring Ray of Hope to Manufacturing

The jump from an upwardly-revised September score of 49.9 is the third-biggest monthly rise in the manufac...

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