UK Manufacturing Output Rises in May

UK factory output is continuing to enjoy one of its strongest growth periods for 22 years, a survey has suggested.

Manufacturers raised production in May to meet strong demand, according to research firm Markit.

Growth continued at almost the same rate seen in April, matching economists’ expectations.

The Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) edged down slightly in May to 57.0 from 57.3.

However, growth stayed well ahead of a reading of 50, the dividing line between growth and contraction, after strong demand from domestic and export markets.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza