RSS   Newsletter   Contact   Advertise with us
Post Online Media
Britain   The score was below expectations

UK manufacturing growth slows more than forecast in December

UK manufacturing growth slowsThe UK manufacturing activity growth slowed by more than expected in December, IHS Markit data showed Tuesday.

Article continues below

READ MORE Singapore manufacturing virtually unchanged in April

The IHS Markit/Chartered Institute of Procurement & Supply Purchasing Managers' Index fell to 56.3 in December from November's 51-month high of 58.2. The score was below expectations of 57.7.

The headline PMI has now remained above the 50.0 no-change mark for 17 consecutive months.

Manufacturing output and new orders have both expanded throughout the past 17 months. Companies raised employment in response to outstanding business.

The rate of increase in input costs eased to a four-month low in December, but remained marked overall. Part of the increase in purchase prices was passed on in the form of higher output charges in December.

What to read next


We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy