UK manufacturing activity contracted in December but at
lower rate than in previous months. The Markit/CIPS purchasing managers index
increased to 49.6 from 47.7 in November. Analysts expected the PMI to approach
47.3 in December. The improvement is inspiring but, taken the pessimism over the
Euro Zone's economy and weaker domestic demand, the prospects of the UK manufacturing
remain uncertain, said David Noble, the CEO of Chartered Institute of
Purchasing and Supply.
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