first_img (Getty Images) Also Read: UK manufacturing downturn continues despite signs of life UK manufacturing downturn continues despite signs of life (Getty Images) Also Read: UK manufacturing downturn continues despite signs of life whatsapp Monday 1 June 2020 9:52 am (Getty Images) The survey data came after the government last month announced that factories could restart operations. The move was part of its “roadmap” to gradually lift coronavirus restrictions and restart the UK economy. Harry Robertson The final reading of the IHS Markit/Cips (PMI) manufacturing purchasing managers’ index came in at 40.7 in May. That was up from the record-low reading of 32.6 in April. But overall the survey data paints a picture of a sector and a UK economy still mired in a deep depression. The 40.7 figure PMI was the seventh-worst reading ever and comparable to the financial crisis. “Many respondents appear to be answering the alternate question of ‘how is activity compared to normal?’” said Andrew Wishart, UK economist at Capital Economics. Meanwhile, firms cut their numbers of workers for the fourth month in a row. Although the rate of job cuts eased from April, they were still the second fastest on record.center_img UK manufacturing firms slash jobs again whatsapp In a positive sign, confidence rose to a three-month high in response to the lifting of some lockdown measures. Yet it remained downbeat by the historical standards of the survey. The UK’s manufacturing sector showed some signs of life in May as the coronavirus lockdown was eased, but the overall picture for Britain’s factories remained highly gloomy. Officially, a reading below 50 indicates that the sector continued to contract sharply last month compared to the month before. However, some analysts have questioned this and suggested that things improved marginally for the UK’s factories after a truly dire April. Duncan Brock, group director at Cips, the Chartered Institute of Procurement and Supply, said: “Worries over safety for returning staff and repairs to broken supply chains will be uppermost in business minds, and are obstacles to be overcome before real recovery can begin.” Some survey respondents noted that new orders picked up slightly. They said this was due to some firms in the sector cautiously reopening and lockdowns were lifted across Europe. Data firm IHS Markit said that rates of contraction in output, new orders and new export business were among the steepest in the survey history. Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoGloriousaOctomom’s Kids Are All Grown Up. Here’s How They Turned OutGloriousaUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAUndo Show Comments ▼last_img