UK Manufacturing PMI up to 56.1

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Tuesday, Jan 03 2017

UK Manufacturing PMI up to 56.1

The UK manufacturing sector ended 2016 on a positive note. Rates of growth for production and new orders in December were among the best seen over the past two-and-a-half years. Companies benefited from stronger inflows of new work from both domestic and overseas clients, the latter aided by the boost to competitiveness from the weak sterling exchange rate.

The seasonally adjusted Markit/CIPS Purchasing Managers’ Index rose to a 30-month high of 56.1 in December, up from 53.6 in November and well above its long-run average (51.5). The headline PMI has signalled expansion in each of the past five months.

More in this category: « China's Manufacturing PMI unexpectedly rose in December German CPI increased by 0.7% »

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