UK manufacturing climbs to four year high
“UK manufacturing has grown to new heights throughout November. Today’s IHS Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) posted an impressive 58.2 for November, up from the final figure of 56.6 in October and representing the strongest result for over four years. Once again, UK industry defies the doom and gloom with its growth and progress.
While cost pressures continue to rise at the highest for over six months, the UK manufacturing sector has seen marked growth in employment, output and new orders. This has improved overall confidence across the sector, with more than 50% of UK manufacturers surveyed anticipating increased production and growth in the year ahead. Orders of investment goods have increased at the most rapid rate for 23 years.”