"Manufacturing output has increased for the fifth consecutive month, marking a significant trend, with the rate of expansion reaching its fastest since September 2024. Companies participating in the survey reported an encouraging rise in new business intake, reflecting enhanced customer confidence and a better utilisation of production capacity."
"Notably, new export orders saw their highest growth rate in over four years, signalling robust demand from international markets. The demand for UK-manufactured goods is reported to be increasing across several key regions, specifically in China, Germany, the wider European Union, the United States, and parts of the Middle East."
"Large enterprises reported significant expansion in both output and order volumes, showcasing their resilience and adaptability. In comparison, medium-sized firms demonstrated moderate growth, suggesting that while they are benefiting from improved conditions, they are not experiencing the same level of success as their larger counterparts."
UK manufacturing activity has reached its highest level in 17 months, with the PMI standing at 51.7 in February, remaining above the 50-point expansion threshold. Manufacturing output has increased for the fifth consecutive month at its fastest rate since September 2024. Companies report rising new business intake and enhanced customer confidence. New export orders achieved their highest growth rate in over four years, with increased demand from China, Germany, the European Union, the United States, and the Middle East. However, the sector displays a "two-speed" landscape where large enterprises report significant expansion while medium-sized firms experience only moderate growth, indicating uneven recovery across different company sizes.
#uk-manufacturing-pmi #export-orders-growth #economic-expansion #two-speed-recovery #international-demand
Read at London Business News | Londonlovesbusiness.com
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