(CercleFinance.com) – Manufacturing activity in Great Britain contracted much more sharply in February than in the previous month, data from a survey of purchasing managers (PMI) show.
The S&P Global/CIPS index rose to 49.3 last month, above January’s 47 and the ‘flash’ estimate that initially gave it at 49.2.
Economists expected a confirmation of the indicator, at 49.2.
This better than expected figure illustrates, according to the authors of the study, a stabilization of demand, an improvement in supply chains and an easing of inflationary pressures.
Progression costs thus posted their weakest increase since July 2020 in February.
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