- Analytics
- News and Tools
- Market News
- U.K. manufacturing sector continues to expand
U.K. manufacturing sector continues to expand
The U.K. manufacturing sector continued to expand at the start of the year, albeit at a slower than expected pace, survey data from Markit Economics showed Friday.
The Markit/Chartered Institute of Purchasing & Supply Purchasing Managers' Index came in at 50.8 in January, down from a 15-month high of 51.2 in December.
Also, the reading was below the expected level of 51. Nonetheless, the index remained above the neutral 50.0 mark for the second month running.
Driven by an increase in new orders, manufacturing output expanded at the fastest pace since September 2011.
On the price front, average input prices rose for the fifth successive month in January. Part of the increase in costs was passed on to clients in the form of higher average selling prices.
However, companies continued to exhibit a degree of cost caution with regard to purchasing activity.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
