The PPI Input numbers at +1.5% were the best result since June 2008.

The PPI Output numbers at +0.1% were affected by increases in a number of items including food, transport equipment and other manufactured product prices.

Petroleum prices were again a drag on the PPI numbers.

Year on year Dec Manufacturing Output dropped 10.2% from a revised 8.3% in November giving us the largest year on year decline since way back in March 1981.

The month on month decline of 2.2% was the 10th successive monthly drop giving us our longest losing streak since 1980.