Demand for recycled materials from manufacturers looks set to remain relatively stable, if current manufacturing conditions continue.
In the UK, the manufacturing outlook improved slightly in May, with the IHS Markit/CIPS purchasing managers' index (PMI) registering 54.4 up from 53.9 in April. This means UK manufacturing has now been growing for the 22nd consecutive month.
However, there are concerns for UK manufacturers with stores of finished goods increasing and a sharp reduction in backlogs of work. This in fact could mean less demand for raw materials from UK manufacturers if they cut back on production.
While the . . .
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