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UK Manufacturing Cools in December

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Growth in British manufacturing cooled last month from four-year highs struck in November, but the sector remained a bright spot in Britain’s economy heading into 2018, a survey showed on Tuesday.In contrast to accelerating growth in the euro zone, the IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 56.3 from 58.2 in November.That was at the bottom end of forecasts in a Reuters poll of economists that had pointed to a reading of 58.0.

Source: UK factory growth cools in December from four-year highs – PMI – Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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