Economics
U.K. Manufacturing Growth Reaches Decade High as Lockdown Eases
An employee assembles a dehumidifier on a production line in Newton Aycliffe, U.K.
Photographer: Matthew Lloyd/BloombergThis article is for subscribers only.
U.K. manufacturing growth accelerated to its highest level in a decade last month as orders jumped in anticipation of looser lockdown restrictions.
IHS Markit’s Purchasing Managers Index climbed to 58.9 in March, outstripping economist estimates to deliver its strongest reading since 2011. Factory output expanded at the quickest pace since November, the 10th consecutive month of gains.