Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

UK kicks off 2014 with a manufacturing bang

Manufacturing continued its gains at the end of last year, with new export business increasing for the ninth consecutive month on the back of a strong pick up in employment within the sector.

Output also rose for the ninth month in a row in December, with a reading of 57.3 Purchasing Managers' Index, although the rate of expansion dipped slightly from November's 33 month high of 58.1. A reading of over 50 denotes growth.

'Sub-sector balances showed that the manufacturing revival is broadbased,with output of consumer, investment and intermediate goods growing at a similarly strong pace,' Samuel Tombs, UK Economist at Capital Economics noted.

'Looking ahead, there are good reasons to expect the manufacturing sector to continue to recover in 2014,' he added, predicting that manufacturing output could grow by 3% this year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the FED

Winter market warmers, the post QE world and timing the FED

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Wealth Manager on Twitter