FLASH: UK Mfg PMI dips in Jan after extraction dive
- The UK’s manufacturing PMI dipped by 0.9-points in January, like the euro area, albeit while maintaining a slower pace (UK=55.3, EA=59.6).- Supply-chain constraints remain, and price pressures built, despite the slowing.
- A sharp fall in oil and gas extraction in Dec is set to restrain IP growth before it rebounds in Jan, although weak utility output may offset the latter.
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