Manufacturing employment rose for the third successive month in July, with the rate of job growth reaching a two-year high. The PMI (Purchasing Managers’ Index) report is promising, with new orders rising to the highest level since February 2011.
The sharp improvement in UK manufacturing emerged amid signs of recovery among eurozone manufacturers also, bringing with it the promise of a broader regional recovery. The eurozone manufacturing PMI increased last month to its highest level since July 2011.
photo by: William M Plate Jr