UK manufacturing boosted slightly in December, according to revised data, as supply chain problems eased somewhat.
In particular, the final measurement of the manufacturing PMI of IHS Markit stood at 57.9 points for December, slightly better than the preliminary one which showed 57.6 points and close to the high of the quarter recorded in November with 58.1 points.
Rob Dobson, director of IHS Markit, said the recovery was still weaker than mid-2021 due to continuing supply chain cuts and declining exports due to Brexit and the prospect of imposing restrictive measures to curb the mutation. Omicron strains of the coronavirus.
Job growth slowed, but new orders and production grew faster than in November, according to the survey.
Despite the easing of strong inflationary pressures, with import prices rising at the slowest pace in three months, producer prices rose at the fastest pace ever.
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Source From: Capital
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