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.

‹ Previous2017-01-12Next ›

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.