{"id":33423,"date":"2020-09-01T16:53:10","date_gmt":"2020-09-01T12:53:10","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=33423"},"modified":"2020-09-01T16:56:16","modified_gmt":"2020-09-01T12:56:16","slug":"uk-manufacturing-production-seeing-a-big-recovery-in-august","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/uk-manufacturing-production-seeing-a-big-recovery-in-august\/09\/01\/market-updates\/","title":{"rendered":"UK Manufacturing Production Grows at Fastest Rate For Six Years"},"content":{"rendered":"\n<p>A survey showed that factory production in Britain compensated for some of the losses caused by the Covid-19 pandemic, as it rose in August at the fastest pace in more than six years.<\/p>\n\n\n\n<p>The IHS Market\/CIBS Manufacturing Purchasing Managers&#8217; Index rose to 55.2 in August from 53.3 in July, broadly in line with a previous preliminary estimate of 55.3, the highest since February 2018.<\/p>\n\n\n\n<p>The production component of the PMI, which IHS Markit says gives a clearer picture of the sector&#8217;s robustness compared to the headline number, rose to its highest level since May 2014.<\/p>\n\n\n\n<p>However, index levels represent the pace of growth, not the volume of production, and the sector has a long way to go back to where it was before the imposition of the lockdown measures.<\/p>\n\n\n\n<p>About 58% of the manufacturers surveyed by the Confederation of British Industry in late July and first half of August said they considered their order book to be &#8220;less than usual&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A survey showed that factory production in Britain compensated for some of the losses caused by the Covid-19 pandemic, as it rose in August at the fastest pace in more than six years. The IHS Market\/CIBS Manufacturing Purchasing Managers&#8217; Index rose to 55.2 in August from 53.3 in July, broadly in line with a previous &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6838,6835],"class_list":["post-33423","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-manufacturing","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=33423"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33423\/revisions"}],"predecessor-version":[{"id":33425,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33423\/revisions\/33425"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32423"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=33423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=33423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=33423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}