Manufacturers were on course for even faster growth than the first quarter’s 1.3% Photo: Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
Russell Lynch1 May 2014
British manufacturers are hitting the growth accelerator and creating 10,000 jobs a month, the Chartered Institute of Purchasing & Supply said today.
Its activity index, where a score over 50 indicates growth, soared to 57.3 in April — far higher than expected.
Survey compiler Markit said manufacturers were on course for even faster growth than the first quarter’s 1.3%, itself the best rate since 2009. Employment rose for the 12th month in a row as firms cleared work backlogs.
“The survey suggests manufacturers are creating jobs at a pace of around 10,000 per month at present,” said Markit senior economist Rob Dobson.
