IANS | 02 May, 2012
Britain's Purchasing Managers' Index (PMI) for manufacturing
sector declined to 50.5 in April from 51.9 in the previous month.
Although the April PMI figure was below that of March, it is still above the
neutral 50, indicating continuous growth in the manufacturing sector in the
country for five successive months, according to a Markit/CIPS market sensitive
report issued Tuesday.
A PMI reading above 50 denotes growth, while a reading below 50 suggests
contraction. The slowdown in manufacturing output growth was partly blamed for
weaker overseas demand in new export orders, Xinhua reported.
The report said the total number of new order fell slightly for the first time
in five months in April. This mainly reflected a sharp drop in new export
business, the steepest since May 2009, resulting from weaker demand from
mainland Europe, the US and East Asia.
At the same time average output price inflation continued to accelerate in
April.