Author Topic: UK manufacturing orders rise to higest level in almost 20 years  (Read 553 times)

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Offline thaiga

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British manufacturing recovery accelerates in November as new orders increase at fastest rate since 1994 according to Markit's PMI.

Back in the UK, Britain's manufacturing sector appears to be booming as it continues to emerge from a deep and prolonged recession.

The headline PMI index rose to 58.4 in November, from an upwardly revised 56.5 in October. It was the highest since February 2011.

A breakdown of the survey showed new orders jumped to 64.6 - the highest in almost 20 years - from 61.3 in October. Output and employment also jumped sharply.

Markit said the strong data suggested growth in British manufacturing will accelerate in the fourth quarter, with output in the sector rising at a faster pace than the 0.9% increase in the third quarter.

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