Manufacturing Looking to Recovery

Summary


The pace of expansion in Britain's hard-pressed manufacturing sector jumped to its fastest in four years last month, pointing to a strong recovery this year, a key survey showed yesterday.

The latest CIPS/Reuters purchasing managers' index for the sector rose to 56.0 from an upwardlyrevised 54.7 in November and well above the average forecast of 55.0. It was the best since December 1999 and the 10th monthly improvement in a row. A number above 50.0 denotes expansion while a number below 50.0 shows contraction.

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Extract


Manufacturing Looking to Recovery

Most of the survey's key indicators are now well above 50.0, showing that a recovery in the world economy ...

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