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UK Manufacturing PMI above forecast

UK DATA
MNI (London)
  • Final UK manufacturing PMI came in at 57.9 for December, up from the flash estimate of 57.6 and remaining above the break-even of 50 for the 19th consecutive month.
  • This is a slight decline from 58.1in November.
  • Manufacturing production grew on the back of increased new work and employment, whilst input prices increased further and inflationary pressures remained strong.
  • Supply chain disruptions and dampened demand due to COVID-19 and Brexit complications continued to apply downward pressure.

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