The IHS Markit/CIPS UK Manufacturing PMI was revised higher to 58.9 in March 2021, from an initial estimate of 57.9 and above February’s 55.1. This revision points to the steepest month of expansion in factory activity since February 2011, underpinned by stronger demand from both domestic and international markets, the vaccine roll-out and loosening of lockdown restrictions. Manufacturing output grew at its quickest pace since last November and new business climbed at its second-fastest pace for over three years. Furthermore, jobs growth hit a seven-year high.

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