The latest survey of the manufacturing sector showed an unexpected pick-up in July, powered by exceptionally strong exports.
The Purchasing Managers’ Index rose to 55.1 in the month, higher than the 54.3 recorded in June and better than the 54.4 pencilled in by City of London analysts according to the Independent.
Any reading above 50 signals growth and the long-run average is 51.6.
The data helped lift the pound 0.16 per cent on the day to $1.3232.
IHS/Markit, which compiles the survey, said foreign demand for UK manufacturers’ output rose at the second-strongest rate in the history of the series.
Respondents reported inflows of work from North America, Europe, Asia and the Middle East.
(Source used: Independent)
Tudor has worked hand in hand with hundreds of manufacturing businesses over the last few decades and many customers would view our role in their own business operations as key to their success.
Tudor provide a wide range of services to manufacturing companies of all sizes. We can assist you with the inbound supply of raw materials and components from overseas, as well as the outbound supply of your finished product to your customer. Some of the services Tudor offer are listed below:
- Air, Sea and Road Freight Solutions
- Customs Clearance
- Same Day / Next Day UK Delivery or Collection
- Bulky / Out of Gauge Shipments
- Project Cargo
- Temporary Imports
Tudor International Freight will provide you with a logistical service that is bespoke to your company requirements, allowing you to concentrate on your core activities.
Tudor will also assist clients with their logistics requirements from a wide range of industries including aerospace, events and exhibitions, chemicals and oil and gas.
If you require any further information, guidance or advice in respect of our company, please do not hesitate to contact us.