Surprise growth in US new orders gives hope to the UK

Figures from the US showing unexpected growth in new orders have brought hope to manufacturers in the UK.

The manufacturing report on business from the Institute for Supply Management (ISM) for December showed the sector is set to recover.

New orders grew for the first time since the terrorist attacks of 11 September. The index stood at 54.9, up from 48.8 in November and above the 50 mark that indicates no change. It was the sharpest growth in order books since...

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