Growth in the UK’s manufacturing sector has eased and the weak pound is further driving up firms’ prices, according to an industry survey. The closely watched manufacturing purchasing managers’ index fell to 53.4 in November from 54.2 in October, according to the latest monthly snapshot from Markit/CIPS. The industry has been growing for four months, but growth has eased in output and new orders from the highs reached in September. “Although the recent growth spurt showed further signs of slowing, the pace of expansion is still solid and above its long-term trend. It showed order books were strong but warned that factory gate prices were rising at their fastest rate since early 2014.

Source: The Guardian December 01, 2016 10:30 UTC