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
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter