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PMI punches hole in claims of manufacturing boost

PMI punches hole in claims of manufacturing boost

02 April 2013

Britain's manufacturing sector contracted in the first quarter of 2013,  following another month of falling output, according to the latest Markit/CIPS purchasing managers' index (PMI).

Unite assistant general secretary Tony Burke said: "These figures punch a hole into any claims that Britain's manufacturing sector is benefiting from an export boost. The simple fact is that the government has the wrong policies for Britain's economy. The threat of a triple dip recession is still very real.

"The government must step in and back manufacturing with an industrial strategy and a national investment bank to drive innovation, jobs and growth. The government needs to learn lessons from the automotive industry and urgently begin an active and interventionist strategy to support UK manufacturing." 

ENDS  

Contact Ciaran Naidoo 07768 931 315

Notes to editors: 

  • Unite is Britain and Ireland’s largest trade union with 1.5 million members working across all sectors of the economy. The general secretary is Len McCluskey.