Manufacturers get boost from robust UK sales

by admin

first_imgMonday 1 December 2014 9:05 pm More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Show Comments ▼ Manufacturers get boost from robust UK sales Data released yesterday pointed to a strong end-of-year run in the manufacturing industry, helped by the strength of the UK economy.A survey of private sector firms called the purchasing managers’ index (PMI) shows manufacturing growth speeding up in November. The survey results were released by financial information services firm Markit yesterday.The manufacturing PMI for Novem­ber scored 53.5 which – being above 50 – signifies expansion and marks a four-month high.Output, new orders and employment all saw increases in November. Manufacturing PMIs for the Euro­zone were also released by Markit yesterday. The Eurozone PMI fell to 50.1 implying the manufacturing sector is stagnating as it was close to 50. The figure is a drop from Octo­ber’s 50.6. Worrying signals appeared in the country breakdown. Germany, Italy and France – the three largest Euro­zone members – all registered a PMI consistent with a contraction in the manufacturing sector. The news adds further pessimism to the economic growth prospects of the currency union. Especially troublesome was Germany’s PMI, which edged down to a 17-month low of 49.5.Robust domestic sales outweighed the Eurozone export drag.“The news on the domestic front was especially positive, with solid new order inflows from the UK market the main pillar supporting the expansion. However, manufacturers reported subdued growth in export orders,” said economist Rob Dobson from Markit.The figures come after survey results published yesterday by consultants BDO and manufacturing ind­ustry body EEF told the same story of a buoyant domestic econ­omy more than offsetting a weak export market. “Despite more disappointing re­sults in key markets such as the Eurozone, this year should be the strongest year for industry since 2010,” said Lee Hopley, chief economist at EEF. Share whatsappcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminator Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. Tags: NULLlast_img

Leave a Reply

Your email address will not be published.