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01 Apr
17:46

UK manufacturing activity takes Covid-19 hit

UK manufacturing activity moved firmly downwards in March as Covid-19 began to take its toll, Kallanish learns from the latest sectoral survey by IHS Markit and the Chartered Institute of Purchasing and Supply (CIPS). The Purchasing Managers’ Index (PMI) fell by 4 full points, business optimism slumped to a record low and supply chain disruption intensified. The seasonally adjusted IHS Markit/CIPS PMI fell to a three-month low of 47.8 in March, down from 51.…
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