Back
4 Jan 2016
UK Markit Manufacturing PMI at 51.9 in December
FXStreet (Mumbai) - UK Manufacturing PMI came in at 51.9 in December, down from 52.7 in November. It is below the expected 52.8. The ONS had revised down GDP growth in Q3 to 0.4% on weaker new data for the business services and finance sector.
The average readings for the headline PMI, Output Index, New Orders Index, New Export Orders Index and Employment Index in the final quarter were all above their respective averages. However, averages over 2015 were in each case below those achieved in 2014.
Manufacturing production increased for the thirty-third month running in December on higher intakes of new business from both domestic and export clients. The consumer goods sector remained the prime driver of production and new order growth, despite seeing its rates of expansion ease over the month. New export orders rose for the fourth consecutive month in December, although the rate of increase eased to its weakest since September.
The average readings for the headline PMI, Output Index, New Orders Index, New Export Orders Index and Employment Index in the final quarter were all above their respective averages. However, averages over 2015 were in each case below those achieved in 2014.
Manufacturing production increased for the thirty-third month running in December on higher intakes of new business from both domestic and export clients. The consumer goods sector remained the prime driver of production and new order growth, despite seeing its rates of expansion ease over the month. New export orders rose for the fourth consecutive month in December, although the rate of increase eased to its weakest since September.