Sector is growing

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The UK’s manufacturing sector returned to growth in January, a survey has indicated, with overall activity at its highest level for eight months.

The Purchasing Managers’ Index, compiled by Markit/Chartered Institute of Purchasing & Supply, recorded a level of 52.1 last month.

That was up from December’s revised reading of 49.7.

A reading above 50 indicates the sector is expanding.

The survey found a sharp increase in output. There was also a rise in new orders and a fall in costs faced by manufacturers.