Subcontract market making steady progress

Building on strong figures for the first quarter of 2017, the subcontract manufacturing market edged ahead another 6.7% in the second quarter, with strong demand for machining in June offsetting a dip in May. According to the latest Qimtek Contract Manufacturing Index (CMI) figures, the index for the second quarter stood at 174, compared with 163 for the first quarter, although it was 8% down on the corresponding quarter of 2016 when demand was particularly strong and the index stood at 188. The baseline figure of 100 represents the average value of the subcontracting market during 2014.
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