U.K. Manufacturing PMI unexpectedly rises to a 15-month high of 51.4 in December from 49.2 in...

|By:, SA News Editor

U.K. Manufacturing PMI unexpectedly rises to a 15-month high of 51.4 in December from 49.2 in November, boosted by production and new orders expanding at accelerated rates. Manufacturing output PMI 54 vs 50.5. However, "the sector is far from out of the woods," says Markit. A "decline in new export orders demonstrates that challenging global economic conditions and the eurozone crisis continue to act as a drag." (PR)