United Kingdom

Details

  • Industry: Manufacturing
  • Type: Press release
  • Date: 03/03/2014

Growth in UK manufacturing leads to increase in employment, says KPMG 

 

Stephen Cooper, KPMG’s Head of UK Industrial Manufacturing comments on the Markit/CIPS UK Manufacturing PMI for February 2014. He said:

 

“The recovery in UK manufacturing seems to be on an upswing with another month of increased PMI scores (now at +56.9). Strong growth in new orders and output has meant that employment in the sector is at its highest since May 2011. This is great news for the UK, and reflective of wider upwards trends in the UK economy where GDP figures increased in 2013 to 1.9%, the highest since 2007.

 

“On a global front, the US manufacturing sector has bounced back strongly in February after a slow start in January. This aligns with the overall solid underlying growth in US manufacturing over the past year. China on the other hand continues to show deteriorating manufacturing conditions; this has been linked to the country’s fragile economic situation. Against these varying global trends, it is positive that UK manufacturing has been consistently moving upwards.”

 

ENDS

 

Media enquiries:

 

Nahidur Rahman, KPMG Press Office

020 7694 8812 (t), 0788191 6975 (m) or nahidur.rahman@kpmg.co.uk

 

KPMG Press Office: 020 7694 8773

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

 

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