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Accrol Group Holdings plc

UK manufacturing grows at fastest rate in 10 months despite coronavirus

UK manufacturing grew at its fastest rate in 10 months in February, according to a flash Purchasing Managers’ Index (PMI) reading, but services fell to a two-month low.

According to IHS Markit / CIPS data, manufacturing hit 52.8, up from January’s final rate of 50.1, whilst services fell to 53.3, down from 53.9 last month.

The composite output rate was 53.3, unchanged from the end of January. Any figure under 50 indicates a contraction, while any over 50 represents growth.

Accrol Group Holdings PLC (LON:ACRL) manufacture a wide range of household and away-from-home paper products from our purpose built production facility in Lancashire.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.