UK Manufacturing Increases in November

UK manufacturing activity increased in November after solid domestic demand offset weaker orders from overseas markets, a survey has indicated.

The Markit/CIPS Purchasing Managers’ Index rose to 53.5 from 53.3 in October. A figure above 50 implies that the sector is growing.

The reading was the highest for four months and adds to the picture of a stronger economy.

The rate of job creation reached a four-month high, the survey found.

“In the lead-up to the chancellor’s Autumn Statement, the November PMI survey shows the UK manufacturing sector continuing its solid expansion,” said Rob Dobson, senior economist at Markit.

“Despite easing from the stellar pace set in the first half of the year, growth is still coming from a broad-base that will aid its sustainability.”

via BBC

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