DATA SNAP: UK Jun Mfg PMI 47.0 Vs 45.4 In May
LONDON (Dow Jones)--The U.K.'s manufacturing sector rose sharply in June, closer to the key 50-point level, recording a thirteenth-month high, data showed Wednesday.
The purchasing managers' index for the manufacturing sector rose to 47.0 in June from 45.4 in May, Markit Economics and the Chartered Institute of Purchasing and Supply said.
That outcome was stronger than expected, with economists surveyed by Dow Jones Newswires last week having estimated the PMI rose to 46.5.
A reading above 50.0 indicates the sector is expanding, while a reading below 50.0 indicates it is contracting.
-By Ilona Billington, Dow Jones Newswires; 44 20 7842 9452; ilona.billington@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=kO8CanuSLXtXGr9ppgBt7Q%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
July 01, 2009 04:37 ET (08:37 GMT)
Copyright 2009 Dow Jones & Company, Inc.
LONDON (Dow Jones)--The U.K.'s manufacturing sector rose sharply in June, closer to the key 50-point level, recording a thirteenth-month high, data showed Wednesday.
The purchasing managers' index for the manufacturing sector rose to 47.0 in June from 45.4 in May, Markit Economics and the Chartered Institute of Purchasing and Supply said.
That outcome was stronger than expected, with economists surveyed by Dow Jones Newswires last week having estimated the PMI rose to 46.5.
A reading above 50.0 indicates the sector is expanding, while a reading below 50.0 indicates it is contracting.
-By Ilona Billington, Dow Jones Newswires; 44 20 7842 9452; ilona.billington@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=kO8CanuSLXtXGr9ppgBt7Q%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
July 01, 2009 04:37 ET (08:37 GMT)
Copyright 2009 Dow Jones & Company, Inc.
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