UK Manufacturing Beats Expectations in November

The UK's manufacturing sector continued to recover from its autumnal slowdown, with a closely-watched gauge beating expectations in November.

Although the UK's economic recovery has slowed somewhat recently, it remains one of the strongest stories among the major developed economies. Sterling's strength earlier this year has weighed on industry, but the currency's recent slide is another fillip.

Markit economist Rob Dobson wrote that despite the slower pace of expansion compared to earlier this year, “growth is still coming from a broad-base that will aid its sustainability".

The Eurozone’s manufacturing outlook is much glummer, with the manufacturing PMI for the common currency area dipping dangerously close to the 50 mark that signals the difference between contraction and expansion of activity last month.


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