UK Manufacturing Cools in December

Growth in British manufacturing cooled last month from four-year highs struck in November, but the sector remained a bright spot in Britain’s economy heading into 2018, a survey showed on Tuesday.In contrast to accelerating growth in the euro zone, the IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 56.3 from 58.2 in November.That was at the bottom end of forecasts in a Reuters poll of economists that had pointed to a reading of 58.0.

Source: UK factory growth cools in December from four-year highs – PMI – Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.