The British manufacturing sector indicated a resilient performance at the middle of the first quarter as the activity neared stabilization, led by a renewed rise in output on the back of sustained client demand and improved supply chains along with easing inflationary pressures, the final results of the purchasing managers' survey by S&P Global showed Tuesday.
The S&P Global/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers' Index rose to 49.3 in February from 47.0 in January. However, the index has remained below the neutral 50.0 mark. The score was slightly above the flash estimate of 49.2.
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