UK Markit/CIPS Manuf. PMI At Highest Since Survey Began 1992

LONDON (MNI) – UK manufacturing activity expanded in January at its
fastest rate since the Markit/CIPS purchasing managers’ survey began in
1992.

The index rose to 62.0 in January from a revised 58.7 in December.

Markit/CIPS also reported rising cost pressures and the fastest
rise in employment in the sector also since the survey began.

The index reading was well above the MNI median forecast of 58.0
while the December PMI was also revised up to 58.7.

–London newsroom: 4420 7634 1624; email dthomas@marketnews.com

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