To be able to provide the best possible service to our manufacturing clients, we need to understand the health of the sector that they operate in. Through the UK Manufacturing Purchasing Managers Index (PMI), we monitor key industry metrics such as new order numbers, inventory levels, production levels, supplier deliveries, and employment rates. We regularly share our thoughts on the performance of the manufacturing industry with our clients, providing up to date analysis on the latest available data and predictions as to the future prosperity of the industry. This information enables our clients to regularly benchmark their own performance against industry averages and helps us to further understand the challenges impacting them.
Understanding the Purchasing Managers Index
A PMI reading over 50 indicates growth or expansion of the UK manufacturing sector as compared to the previous month, while a reading under 50 suggests contraction.