UK Manufacturing PMI climbs to highest level in over four years

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Friday, Dec 01 2017

UK Manufacturing PMI climbs to highest level in over four years

November saw the UK manufacturing sector move up a gear, with rates of increase in new orders and production among the best registered over the past four years. This tested capacity and encouraged further job creation, with employment rising to the greatest extent since June 2014. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI) rose to 58.2 in November, up from 56.6 in October (originally reported as 56.3), its highest level since August 2013.

The reading is the tenth-best registered during the near 26-year series history. The latest survey was conducted between 13-27 November. Manufacturing production expanded at the fastest pace since September 2016 and to one of the greatest extents during the past four years. Companies linked this to stronger inflows of new orders, reflecting solid domestic demand and steeper gains in new export business.

More in this category: « Spanish Manufacturing PMI at highest since February 2007 ISM Manufacturing PMI down to 58.2 »

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