The local manufacturing sector saw the strongest improvement in operating conditions for more than four years in April, a report by S&P Global Ratings revealed.
The local manufacturing sector saw the strongest improvement in operating conditions for more than four years in April, a report by S&P Global Ratings revealed.
“The sector benefited from quicker upturns in output and new orders as pandemic-related restrictions eased. Furthermore, stronger client demand prompted one of the fastest accumulations of pre-production inventories on record,” S&P Global Ratings said. S&P Global Ratings said anecdotal evidence indicated that looser pandemic restrictions had supported the latest upturns in customer demand and production schedules.
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