Manufacturers in the UK and Europe put their Chinese rivals in the shade for once today amid more recovery signs for the economy.
The CBIÂs latest snapshot of the industryÂs fortunes showed UK firms growing orders at the quickest pace since April last year in the quarter to July.
The cheer comes ahead of official estimates tomorrow set to show the wider economy picking up the pace of growth to 0.6% between April and June, the best since last summerÂs Olympics.
EuropeÂs manfacturers meanwhile pulled out of recession territory in July, according to financial data provider Markit, registering growth for the first time since February last year and the largest monthly rise in output since June 2011.
Extract form the evening standard. For full article click here http://www.standard.co.uk/business/business-news/uk-and-european-manufacturers-putting-china-in-the-shade-8729874.html
