Manufacturers enjoy pre-Christmas boost
28 August 2012
Growing demand for consumer goods on the run-up to Christmas pushed manufacturing activity in November to its highest level since December 1999, according to the latest PMI figures.
The headline purchasing managers’ index (PMI) - a composite indicator of economic activity published by CIPS and NTC Research - rose to a seasonally adjusted 54.5, from 54.3 in October. The index has remained above the 50 figure that indicates no change on the previous month since June.
The output index, at 58, matched the recent rapid expansion in business....