Mumbai, Jan. 2 -- December saw further signs of growth emanating from the UK manufacturing sector. Output rose for the third successive month and new orders increased for the first time since September 2024. There were also signs of the trends in new export orders and employment moving closer to stabilizing after sustained downturns.
The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers' Index (PMI) rose to 50.6 in December, from 50.2 in November, its highest level for 15 months but below the earlier flash estimate of 51.2. The PMI has posted above its neutral 50.0 mark (separating growth from decline) in each of the past two months.
Three of the PMI sub-components registered readings consistent with improved operating c...