PMI shows rise in output

MANUFACTURING output and employment picked up in April having dipped sharply in March, according to the latest analysis of the sector.

The latest NCB purchasing managers’ index (PMI) at 53.3 in April, showed a solid upward move from the 51.7 recorded the month before.

Any number over 50 indicates growth in the sector and March now looks to have been a temporary glitch when the index fell.