A rebound in British manufacturing slowed from a 15-year high in June as export order growth all but ran out of steam, a survey showed, suggesting the sector’s recovery may have peaked.

The Markit/Chartered Institute of Purchasing and Supply manufacturing PMI fell to 57.5 last month from 58.0 in May, bang in line with forecasts for a slight deceleration but still well above the 50.0 mark that separates contraction from growth.

“The rate at which the sector has been recouping the output lost during the recession has been nothing short of remarkable, with around one third having been recovered by the end of June,” said Markit senior economist Rob Dobson.

However, the latest survey offered signs that conditions may have passed their peak.”