Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a725885

UK kicks off 2014 with a manufacturing bang

by Eleanor Lawrie on Jan 02, 2014 at 12:34

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 here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

More about this:

Archive

On the road

Click here to find out more from the Audience Development team.

Read more...

Revealed: the fund stars of the future

on Apr 24, 2014 at 14:30

Sorry, this link is not
quite ready yet