Bolstered by a boost to both output and new orders, purchasing activity within UK manufacturing defied expectations of modest growth with the highest recorded score for two and a half years, according to the latest Markit/CIPS Purchasing Manager’s Index (PMI).
Following on from November’s score of 53.6, the UK manufacturing PMI in December rose to 56.1 – the best seen over the past two and a half years and well above the long-run average of 51.5 (a score above the neutral mark of 50.0 indicates growth). Businesses benefitted from an influx of new work from…
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