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Economic Buzz: UK Manufacturing PMI Rises To 57.9 In December

5 Jan 2022 , 10:56 AM

UK manufacturing sector upturn continued in December, with further growth of production, new orders and employment, final data from IHS Markit showed on Tuesday. The IHS Markit/the Chartered Institute of Procurement & Supply manufacturing Purchasing Managers Index rose to 57.9 in December, little changed from Novembers three-month high of 58.1. The flash score was 57.6. The sector has expanded for 19 consecutive months. A score above 50.0 indicates expansion. Output grew at the fastest pace in four months in December. Increased output was underpinned by rising intakes of new business. However, the trend in new export business remained negative. Manufacturing employment increased for the twelfth successive month in December.

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