A jump in domestic orders helped pull UK factories out of almost two years of contraction last month, according to a leading business survey.
Output from the manufacturing sector improved to a 20-month high in March, marking the end of a period of shrinking activity that started in July 2022.
Giving further evidence that Britain is beginning to recover from last year’s downturn, which drove the economy as a whole into recession in the second half of 2023, the S&P purchasing managers index (PMI) hit 50.3 – a figure above 50 indicates expansion.
Accrol Group Holdings plc (LON:ACRL) is the UK’s leading independent tissue converter, producing toilet tissue, kitchen towel, facial tissue and biodegradable wet wipes. The UK soft tissue market is worth £1.6bn with private label products comprising circa 50%. Accrol is the leading supplier to the private label market, which is growing at over 8% year on year.
