Bulletin

British factory growth continues

Warehouse

Markit's manufacturing purchasing managers' index showed that UK factory output grew for a 20th successive month in November. The Markit PMI for the UK rose from 53.2 to 53.3 in November. Economists had expected the headline PMI to slip to 53. The jump in the UK manufacturing PMI came as it was reported that the eurozone had drifted closer to a halt in November. The Italian and French sectors contracted, with PMIs at 49 and 48.4 respectively, while Germany's fell below 50. UK factories increased employment growth, as the sectoral headcount rose for the 19th month in November, with job-creation at a four-month high.

 

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