- Analytics
- News and Tools
- Market News
- UK Final Manufacturing PMI revised up to 57.9 in December, beats estimates
UK Final Manufacturing PMI revised up to 57.9 in December, beats estimates
The UK manufacturing sector activity expanded more than expected in December, the final report from IHS Markit confirmed on Tuesday.
The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher from 57.6 to 57.9 in December, beating expectations of 57.6.
Key points
Output, new orders and employment all rise.
New export orders fall for fourth month running.
Selling price inflation hits fresh record high.
Rob Dobson, Director at IHS Markit, commented on the survey
“UK manufacturing production rose at the quickest pace in four months in December, supported by increased intakes of new work, efforts to reduce backlogs of work and higher employment.”
“While the uptick in growth is a positive step, the upturn remains subdued compared to the middle of the year, as supply chain constraints and weak export performance constrained attempts to raise production further.”
“Manufacturers indicated that logistic issues, Brexit difficulties and the possibility of further COVID restrictions (at home and overseas) had all hit export demand at the end of the year.”
GBP/USD reaction
At the press time, GBP/USD is extending gains above 1.3500, currently trading at 1.3510. The spot is up 0.30% on the day.
© 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
