The manufacturing sector grew more than expected in the UK last month according to the latest Purchasing Manager’s Index (PMI).
Markit’s PMI came in at 53.5 for November, ahead of the 53 expected and 53.2 for October, offering a much needed boost to George Osborne ahead of his Autumn Statement.
The manufacturing outlook across the Eurozone was far gloomier however, as it narrowly avoided contraction at 50.1 in November.
Germany’s manufacturing unexpectedly contracted, while France and Italy’s sector continued to shrink, however Spain showed surprise growth. Reported by City A.M. 5 hours ago.
Markit’s PMI came in at 53.5 for November, ahead of the 53 expected and 53.2 for October, offering a much needed boost to George Osborne ahead of his Autumn Statement.
The manufacturing outlook across the Eurozone was far gloomier however, as it narrowly avoided contraction at 50.1 in November.
Germany’s manufacturing unexpectedly contracted, while France and Italy’s sector continued to shrink, however Spain showed surprise growth. Reported by City A.M. 5 hours ago.