Wednesday, 1 July 2009

DATA SNAP: UK Jun Mfg PMI 47.0 Vs 45.4 In May

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

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(END) Dow Jones Newswires

July 01, 2009 04:37 ET (08:37 GMT)


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