The UK’s manufacturing sector slowed again in January, in contrast to the Eurozone figure which remained bouyant.
The IHS Markit/CIPS PMI figure stood at 55.3 in January, the seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI ), its lowest level since June last year.
New order intakes rose leading to higher production levels, which increased through robust demand from both domestic and export clients.
Output and new orders increased across the consumer, intermediate and investment goods sectors, with January also seeing new export order inflows strengthen.
UK manufacturers said they maintained a positive outlook going forward.
