MARKIT/CIPS UK Manufacturing update
UK manufacturing sector remains subdued as new export order inflows fall according to the latest IHS Markit/CIPS Manufacturing Survey.
Key findings:-
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UK Manufacturing PMI at 53.1 in November (two-month high)
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Trends in output and new orders strengthen slightly
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New export orders decrease for second month running
"November saw a slight acceleration in the rate of improvement of UK manufacturing business conditions. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) rose to 53.1, up from October's 27-month low of 51.1. however, the performance of the sector remained comparatively lackluster, with the latest PMI reading still among the weakest registered over the past two-and-a-half years"…..... read the full IHS MARKIT / CIPS bulletin here.
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