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Rise in UK manufacturing index as production stalls

3 January 2012
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Rise in UK manufacturing index as production stallsDespite a stalling of production in the UK's manufacturing sector towards the end of 2011, there was a slight rise in the purchasing managers' index (PMI) for December.

This is according to he latest seasonally-adjusted data from Markit and the CIPS, which reveals the measure stood at 49.6 last month, with any figure below 50 indicative of contraction, although new export orders strengthened with work coming in from eastern Europe, China and Germany.

Those in manufacturing management may be interested in a comment by senior economist at Markit Rob Dobson, who stated: "Looking ahead, manufacturers are currently relying heavily on backlogs of work to prop up production. This is only a temporary fix."

A similar performance was recorded for the eurozone PMI in December 2011, as the index rose slightly but failed to get close to the 50 mark that denotes expansion.

The measure within nations with the common currency rose from a 28-month low of 46.4 in November to 46.9 last month, as order inflows dipped and the economic downturn continued.ADNFCR-3058-ID-801253456-ADNFCR
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