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UK manufacturing growth remains strong for end of 2017

Welding
Britain saw the highest three-month manufacturing growth since 2014.

According to the survey, the Markit/Cips UK manufacturing Purchasing Managers’ Index (PMI) of factory sentiment showed activity recorded an average rate of 57 in the three months to December. This is the strongest recording in three-and-a-half years (since June 2014).

Though last month saw a dip to 56.3 from 58.2 in November, it remained well above the level of 50, which represents growth.

An increase in production is linked to an increase in orders over the last 18 months. Growth was strongest among producers of partly-finished goods; 54% of companies said they expect an increase in production throughout 2018.