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 Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter