British manufacturing activity is reported to have marked a rise last month at its fastest pace in more than 15 years, triggering hopes that the wider economic recuperation process is grabbing momentum.
The Chartered Institute of Purchasing and Supply/Markit manufacturing PMI - a survey of purchasing managers published on Tuesday - jumped to 58 in April from an upwardly revised 57.3 reported in March.
The figures surpassed the analysts' consensus forecasts of 57.4 in a Reuter's poll, posted to be highest since September 1994. The index has climbed above the 50-benchmark separating growth from contraction since July last year.
The manufacturing survey reflected much of the positive vibe to the sector - which has been severely wounded by the recession.
With the pound still witnessed to be weak compared to other major currencies last month, new export orders marked a climb at the fastest momentum witnessed since records began in 1996.
"The data point to manufacturing output growing by as much as 2% in the latest three months, suggesting the sector will provide a strong contribution to second-quarter gross domestic product", quoted, Rob Dobson, Senior Economist at survey compilers Markit.












