Manufacturing Outlook Continues To Improve PMI Index Reaches Four-Month High In August 05.09.2012 Business specialists at Irwin Mitchell have welcomed new research which provides further evidence that conditions in the UK manufacturing sector are continuing to improve. The latest Markit/CIPS purchasing managers’ index reached a four-month high of 49.5 in August, which marks a significant recovery from July and has hinted that the industry is edging ever closer to expansion. News of the research has come just weeks after a study by the Manufacturing Advisory Service (MAS) revealed more than half of firms in the sector have seen orders increase in recent months and many expecting to enjoy further improvements before the end of the year. Both studies are also in contrast to an EEF report which has suggested that many organisations are struggling in difficult conditions caused by the problems in the Eurozone. Commenting on the figures, Paul Firth, a leading business lawyer and regional managing partner at Irwin Mitchell’s Sheffield office, said: “While the UK economy is by no means out of the woods, recent research has shown that a handful of sectors like manufacturing are increasingly seeing signs of improvement. “This is particularly good news for areas which have a strong manufacturing base, such as the major business centres across Yorkshire. Indeed, MAS figures specific to the region showed that a number of firms are seeing orders grow and optimism in general increasing. “Hopes will be high that this rise in positive sentiment will continue and the sector will continue to improve over the coming months.” Press contact Dave Grimshaw Press Officer 0114 274 4397 Email Dave Tags Paul Firth Sheffield Related articles 20.03.2019Government Issues Recommendation for Leasehold Reform 15.03.2019Irwin Mitchell Recruits Hundreds Of Volunteers For Red Nose Day 2019 15.03.2019Irwin Mitchell Scoops Hat-trick At Birmingham Law Society Legal Awards 13.03.2019Sheffield City Region Launches Global Innovation Corridor At MIPIM 2019 08.03.2019Irwin Mitchell Launches Women in Law Timeline 05.03.2019Does A Rest Break At Work Have To Be Continuous?