1 Dec 2014
UK manufacturing PMI climbs to four-month high in November
FXStreet (Mumbai) - The UK Manufacturing Purchasing Manager’s Index came-in at a four-month high of 53.5 in November, compared to October’s 53.2 and higher than the preliminary reading of 53.00.
The upturn in the manufacturing activity was supported by solid domestic order inflows, which offset subdues trend in new export orders. Meanwhile, Manufacturing employment increased for the nineteenth consecutive month in November, with the rate of job creation reaching four-month high.
Price pressures remained weak in November. The average input prices declined for the third straight month, while the average output prices rose marginally.
The upturn in the manufacturing activity was supported by solid domestic order inflows, which offset subdues trend in new export orders. Meanwhile, Manufacturing employment increased for the nineteenth consecutive month in November, with the rate of job creation reaching four-month high.
Price pressures remained weak in November. The average input prices declined for the third straight month, while the average output prices rose marginally.