FLASH: UK Mfg PMI slows into year end
- The UK’s manufacturing PMI gave up its Nov gains in December, with a 1.9-point fall to 56.3. With the euro area strengthening slightly further to 60.6, the UK’s dip is likely to be temporary rather than a trend.- Manufacturing output appears to have continued growing well through the end of 2017. December IP will be depressed by the temporarily restricted output from the North Sea, albeit with the effect limited by cold raising energy utility output.
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