56.1: Manufacturing PMI

UK economy exits 2016 at tearaway pace
Thursday 12 Jan 2017 Author: William Cain

UK manufacturing recorded its strongest performance in the last two-and-a-half years in December amid a slew of positive UK economic data.

Construction and services industries in the UK also exited 2016 with strong momentum.

Purchasing Manager’s Indices produced by Markit showed a reading of 56.1 for manufacturing. Any level above 50 indicates expansion. Services, the UK’s largest economic sector, hit a 17-month high at 56.2 while construction, often a key swing factor in GDP numbers, hit an 11-month high at 54.2.

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